EuroWire July 2018

Corporate News

Fainplast expands again in Ascoli Piceno ▲ ▲ The Fainplast site in Ascoli Piceno

FAINPLAST has started a new expansion of its production plant in Ascoli Piceno, Italy. Currently under construction, the new building is situated next to the existing factory. Ahead of the construction, two new bridges were built over a small river dividing the two areas. 7,000m 2 of the new building will be dedicated to warehousing and production, while 1,200m 2 will be available for new offices and laboratories. The total investment for the new facility is around €5m. The purpose of this new expansion is to increase the production capacity of Fainplast’s polyolefin-based compounds and keep pace with the halogen-free cables market. Further investments have been put in the budget and two new compounding lines have already been ordered. These lines will be installed into the new building by the end of 2019. Additionally, the new facility will increase the total storage space of the company and improve the logistics of raw materials and compounds. Overall, these investments together with others already on Fainplast’s long-term industrial plan should bring an increase in the production capacity of almost 50,000 metric tons within the next five years. Mr Faraotti, general manager and owner of the company, said: “We strongly believe in what we are doing and will go ahead rapidly on the road that we have already traced for years. I am confident in our employees, and I think that these investments, together with their competence and continuous dedication, can only lead to more success in the years to come.”

Fainplast Srl – Italy

Website : www.fainplast.com

12

www.read-eurowire.com

July 2018