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Pipe extruder Poloplast plans ?20 million investment

November 24/2010

(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.


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