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Technonicol to invest over RUB 1 billion in glass wool production expansion · Endata

◂ Announcements

Oct 26, 2023INVESTMENTChudovo, Novgorod Oblast; Serpukhov, Moscow Oblast, Russia

Technonicol to invest over RUB 1 billion in glass wool production expansion

Technonicol announced on November 8, 2023, plans to invest over RUB 1 billion in 2024 to expand and modernize glass wool production capacity acquired from URSA Eurasia in Chudovo and Serpukhov, aiming to increase output by 30%.

Starts operating

2024

Status

Announced

Capacity

53,000 tonnes per year (current), 30% increase planned

Productsmineral wool insulation based on glass fiber

CompaniesTechnonicol

Sectors#Construction Materials

“Инвестиции будут потрачены на расширение и модернизацию действующих мощностей”realty.ria.ru

1 source
realty.ria.ru"Технониколь" вложит более 1 млрд рублей в производство стекловолокна - Недвижимость РИА Новости, 08.11.2023Александр КолчинOct 26, 2023

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

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