MOSCOW (MRC) -- Polish plastic panel maker Gekoplast S.A. is planning to raise its PP layer pad output capacity as a result of an increased demand for the product from foreign customers, said Plasticsnewseurope, citing Piotr Gorowski, the company’s chief executive.
Between January and September 2016, Gekoplast invested close to PLN 7m (EUR1.6m) with the aim to expand the production capacity of its plant. By the end of this year, the firm is planning to invest a total of PLN 15m (EUR3.4m), Gorowski told local industry news site Wnp.pl.
"Currently, the majority of our new customers is located abroad which is understandable because foreign markets are capable of absorbing more of our output than the domestic market where we already have a very strong position,” Gorowski said. “The share of exports in our sales has been increasing, and currently, it represents 60% of our sales, and during some months it can be even higher."
The Polish manufacturer’s factory is enabled to make about 18,000 tonnes of various plastic products per year. Plastic panels are Gekoplast’s main product, and its product portfolio comprises panels made with the use of PP, ABS, ABS/PMMA, PMMA, GPPS, HIPS, HDPE and LDPE, according to data released by the firm.
As MRC informed earlier, in June 2016, Gekoplast installed a new PP twinwall sheet production line at its plant in Krupski Mlyn. Investment costs were not disclosed, but the company said the plant lifts its total twinwall sheet output by 28% to 10,000 t/y. The line raises Gekoplast’s output of both twinwall sheet and other products, such as layer pads, and is expected to generate an additional PLN 9m (about EUR 2m) in income
Established in 2010, the company operates a production facility in Krupski Mlyn, in Poland’s southern part. Gekoplast is listed on the Warsaw Stock Exchange (WSE).
MRC