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Foamit Corporation signed a letter of intent with Sterhoek NV (part of H2O Group) to establish a joint venture in Belgium to develop and construct a new foam glass production facility in the Antwerp region, with a planned capacity of approximately 240,000 m³ per year. Foamit will own 51-60% and Sterhoek 49-40% of the JV.
“The joint venture aims to develop and construct a new foam glass production facility in Belgium on a property owned by Sterhoek in the Antwerp region.”news.cision.com
Summarized from public sources; check the original articles before acting on it.