# Fainplast expands Ascoli Piceno plant with €5M investment

Fainplast began an expansion of its production site in Ascoli Piceno, Italy, in April 2018. The new building will add 7,000 sqm for warehouses and production and 1,200 sqm for offices and labs, with a total investment of €5 million. Two new compounding lines are ordered and expected to be installed by end of 2019.

- Type: Expansion
- Announced: 2018-05-29
- Where: Ascoli Piceno, Italy, Italy
- Value: $5.85M (5.00M EUR)
- Starts operating: 2019
- Status: under construction
- Capacity: 50,000 tons/year additional output over 5 years
- Products: polyolefin compounds, halogen-free cable compounds
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Fainplast](https://endata.com/companies/31808.md)

## Sources

- [fainplast.com](https://www.fainplast.com/fainplast-expands-its-operations-in-ascoli-piceno/), 2018-05-29: "Il nuovo opificio, attualmente in costruzione, si erge su di un terreno già di proprietà dell’azienda ed adiacente all’attuale stabilimento."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.