by Jaroslaw Adamowski
Wroclaw, Poland — Polish PU foam and chemicals maker Selena has announced it invested close to PLN 8m (€1.9m) to modernise and expand its capacities in the first six months of this year.
‘The investments in modernising the following production facilities: Libra, Selena Insulation in Kazakhstan, and Selena Iberia and Selena Nantong had the largest share in the investment expenditure in the first half of 2017,’ the company said in its financial report. ‘As part of the construction of a new R&D laboratory in Dzierżoniow, we have obtained the required permissions to carry out the construction work … and the process of constructing the facility was initiated.’
The investment in upgrading Selena’s factory in Astana, Kazakhstan’s capital, fits into the company’s plan to raise its exports to a number of Central Asian markets. The plant is enabled with a production capacity of some 120 kt/year of various products. Earlier this year, Selena said it aims to increase its exports to the neighbouring countries to 40% of the plant’s total output.
Selena operates a number of production facilities, including five plants in Poland, as well as factories in Spain, Romania, Turkey, Brazil, China, and South Korea.
XE Conversion Date: 24 November