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(plasticker) -- South Korean plastics extruder and waste
management firm Mecen IPC is launching commercial production at a newly
established joint venture low density polyethylene foam insulation plant in
Serbia.
The Seoul-based company linked up with the local firm Evropa-Inex of Novi
Banovci, Serbia to invest around ?4m in the new facility in Nova Pazova. It will
serve markets including construction, automotive and air-conditioning
systems.
Production equipment to turn out the foam insulation material was installed
in the newly built plant, the workforce began training and trial manufacturing
began during February. This month (March) saw the start of full production at
the new unit.
The joint venture Mecen Evropa Tech will employ a total of 35 during the
first year of operation while it plans to recruit a further 60 employees within
the next two years. |
