# NAB invests $7.75M in Noveco Surfaces for silica-free building materials facility

National Australia Bank has invested $7.75 million in Noveco Surfaces to expand production of crystalline silica-free construction materials. The investment will fund a new facility that will increase production output from 20,000 sqm to over 250,000 sqm per year.

- Type: Investment
- Announced: 2024-08-14
- Where: Australia, Australia
- Value: $5.10M (7.75M AUD)
- Status: announced
- Capacity: 250,000 sqm per year
- Products: silica-free tiles and benchtops, recycled building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Noveco Surfaces](https://endata.com/companies/79183.md)
- [National Australia Bank](https://endata.com/companies/79184.md) (investor)

## Sources

- [buildaustralia.com.au](https://www.buildaustralia.com.au/business_insight/nab-invests-7-75m-in-noveco-surfaces-to-scale-silica-free-recycled-building-materials/), 2024-08-14: "NAB’s investment will enable us to scale our operations significantly."

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