# Profol to build $45M lightweight composite plant in Greiz, Germany

Profol is investing more than $45 million in a new manufacturing facility in Greiz, Germany, to produce Progano lightweight composite thermoplastic. The plant is scheduled to start production in 2020, will employ 45 people, and have an annual capacity of over 20,000 metric tons.

- Type: New facility
- Announced: 2019-01-15
- Where: Greiz, Germany, Germany
- Value: $45.0M
- Jobs: 45
- Starts operating: 2020
- Status: announced
- Capacity: 20,000 metric tons per year
- Products: Progano lightweight composite thermoplastic, UD tape
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Profol](https://endata.com/companies/36713.md)

## Sources

- [profol.com](https://www.profol.com/15/01/2019/profol-introduces-progano-lightweight-composite-thermoplastic-that-replaces-aluminum-and-other-metals-in-formed-components/), 2019-01-15: "We are excited about the future prospects of the lightweight composites market, and seek to leverage our considerable knowledge about lean continuous mass manufacturing of thermoplastic materials."

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