KAP AG held a groundbreaking ceremony for a new 2,700 sqm production hall at its subsidiary Mehler Engineered Products in Hessisch Lichtenau, Germany. The investment, a high single-digit million euro amount, includes a modern production line for technical threads and a textile lab.
KAP AG announced the acquisition of an 80% stake in AerO Coated Fabrics B.V., a Dutch manufacturer of thermoplastic composite materials for niche markets such as CIPP liners and agricultural applications. The stake will be increased to 100%.
Heiche Surface Technologies announced plans to open an advanced metals coating facility in Jasper, Alabama, creating at least 73 jobs. Construction is expected to begin in coming weeks, with operations starting by October 2021.
| Site | Largest | Latest |
|---|---|---|
| Hessisch Lichtenau, Germany | $5.80M | 2021-10-18 |