# Ravago Hellas to build €72.7M insulation raw materials plant in Lavrio

Ravago Hellas received approval for a strategic investment of €72.7 million to build a new plant for expandable polystyrene production and modernize its existing facility in Lavrio, Greece, creating 62.5 annual work units.

- Type: Expansion
- Announced: 2023-05-09
- Where: Lavrio, Greece, Greece
- Value: $79.0M (72.7M EUR)
- Jobs: 62
- Status: announced
- Capacity: 80,000 tonnes per year of expandable polystyrene
- Products: expandable polystyrene, extruded expandable polystyrene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Ravago Hellas](https://endata.com/companies/70174.md)

## Sources

- [industry-news.gr](https://industry-news.gr/ravago-hellas-stratigiki-ependysi-i-nea-monada-ton-e72-ekat-sto-layrio/), 2023-05-09: "Ως «Στρατηγική Επένδυση» χαρακτηρίστηκε από την αρμόδια επιτροπή το επενδυτικό σχέδιο «Εκσυγχρονισμός, Ενεργειακή Αναβάθμιση και Επέκταση Βιομηχανικής Μονάδας» της εταιρείας «Ravago Hellas»"

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