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(Plastics Today) -- Pipe extruder
Poloplast customers are the Vatican, Frankfurt Airport, and the Conference
Palace Hotel in Abu Dhabi, and the new outlay will help the firm serve an even
broader customer base, predicts the company's management.
The ?20 million ($27.1 million) investment in the company's headquarters
will be made in equal installments starting in 2011,according to Wolfgang Lux,
the processor's managing director. The investment, funded entirely from
cash flow, will be invested in new compounding and pipe extrusion equipment, injection molding lines for pipe fittings, and plant
infrastructure.
Poloplast (Leonding, Austria) extrudes polypropylene pipe and tubing for the water and sewage
lines as well as for home and building construction. This year Lux expects
the company to reach sales of about ?75 million, comparable to the sales it
realized in 2009.
mrcplast.com
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