Zotefoams PLC Production starts at new GBP23m plant in Poland
RNS Number : 9376P
23 February 2021
("Zotefoams" or "Group")
Zotefoams starts production at new GBP23million plant in
23 February 2021 - Zotefoams, a world leader in cellular
materials technology, is pleased to announce that the new
state-of-the-art plant located in Brzeg, south-west Poland,
commenced production this month.
The GBP23million plant was built in a key strategic move to
increase global capacity and optimise service levels for many
customers in continental Europe. The 13,000 m(2) facility has been
under construction since February 2019.
The new plant adds 50,000m(3) - an increase of some 15% - to
Zotefoams' annual global foam production capacity and the 8-hectare
site is large enough to accommodate significant future expansion.
With on-site storage for up to 15,000m(3) of foam, the best
possible service for customers is assured. Brzeg is close to
trans-European road and rail networks and within easy reach of many
customers and European manufacturing hubs.
The plant will initially produce foams in Zotefoams' AZOTE(R)
polyolefin foams range, for which there is significant established
demand in Europe. The engineering polymers that form the basis of
ZOTEK(R) high-performance foams will continue to be manufactured in
the UK for global supply.
Commenting on the unveiling David Stirling, Group CEO of
"The location of the new plant is key to increasing flexibility
and responsiveness through integrated global capacity. Zotefoams
has significant foam production capability in the USA, UK and now
in central Europe, meaning that we are better placed than ever to
serve our customers globally.
"With a post-COVID recovery forecast in many markets this year,
it is vital that Zotefoams and its customers are able to respond
quickly as demand returns and new projects emerge. With Brexit now
behind us and its impact lessening by the day, the availability of
manufacturing and stockholding facilities in Brzeg couldn't have
come at a better time. We are excited about the opportunities this
creates for Zotefoams and its customers."
- Ends -
Zotefoams plc +44 (0) 208 664 1600
David Stirling, Group CEO
Gary McGrath, Group CFO
IFC Advisory (Financial PR &
IR) +44 (0) 203 934 6630
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular
materials technology delivering optimal material solutions for the
benefit of society. Utilising a variety of unique manufacturing
processes, including environmentally friendly nitrogen expansion
for lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance
foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses
its own cellular materials to manufacture T-FIT(R) advanced
insulation for demanding industrial markets. Zotefoams also owns
and licenses patented microcellular foam technology to reduce
plastic use in extrusion applications and for ReZorce(R)
mono-material recyclable barrier packaging.
Zotefoams is headquartered in Croydon, UK, with additional
manufacturing sites in Brzeg, Poland and Kentucky, USA (foam
manufacture) Oklahoma, USA (foam products manufacture and
conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu
Province, China (T-FIT).
AZOTE(R) , ZOTEK(R) , ReZorce(R) and T-FIT(R) are registered
trademarks of Zotefoams plc.
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(END) Dow Jones Newswires
February 23, 2021 02:00 ET (07:00 GMT)
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