Novalis invests $35M in LVT plant expansion in Zhenjiang, China

Novalis Innovative Flooring completed a deal to purchase a 35-acre tract in Zhenjiang, China, to erect a new LVT plant that will double the size of its existing facility. The total investment is approximately $35 million, with completion in three phases over 36 months and Phase One by Q1 2019.

“After looking at a variety of options and scenarios, we determined that building literally across the street from our existing plant made the best sense for servicing and supplying our customers, both in the U.S. and around the world.”floorcoveringweekly.com

• 1 source
• floorcoveringweekly.comNovalis invests $35M in LVT expansion | Business Builder | Floor Covering WeeklyNov 1, 2017

Summarized from public sources; check the original articles before acting on it.