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South Korean-Serbian LDPE foam JV launched near Belgrade

March 26/2012

(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.


mrcplast.com
Author:Anna Larionova
Tags:PE, LLDPE.
Category:General News
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