The Vatican, Frankfurt Airport, and the Conference Palace Hotel in Abu Dhabi are already among its customers, and the new outlay will help the firm serve an even broader customer base, predicts the company's management. 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. 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 will be in installments of €4 million per year from 2011 through 2015," explained Lux at a press conference. The monies will be used to fund R&D and as-yet unspecified number of new compounding and pipe extrusion lines, plus molding machines and plant infrastructure....