Recticel is scaling down its activities in the automotive segment but first it will briefly increase its stake in Proseat.
Serbia-based PU and PIR sandwich panel maker TeraSteel has started a new production line in Leskovac, Southern Serbia.
Recticel has started trial production at its PU insulated board plant in Mantsala, Finland as promised in March this year.
In the first six months of this year, Polish polyol maker PCC Rokita invested PLN 11.5m (EUR 2.67m). The investments expanded and modernised capacity.
Recticel could have a short-list of preferred bidders for its automotive division and could sell it by the end of this year, according to financial analysts.
Belgium’s Recticel has announced it is expanding its presence in the space industry with the contract to produce PU foam components for Elon Musk’s rockets and spacecraft maker Space X.
Brussels — Sales at Recticel were up 4.6% in the first quarter of 2018, to EUR 382m. The f0amer confirmed it was pursuing expansions in its quarterly results statement. Recticel said: ‘Technical Foams teams are finalising their expansions projects in China and Morocco, both due to start up during the second quarter of 2018.’ In […]
Recticel is launching a new pilot line at its factory in Wetteren, Belgium as part of a larger investment worth about EUR10 m.
ecticel has reportedly started a process to sell its automotive division, according to De Tijd, a Belgian newspaper.
Building the new factory in Finland is progressing on schedule, said Recticel, and the company plans to start production in the fourth quarter of this year.