The leased factory, in Calerno (Northern Italy), will be ready to start production in March 2023. It will have the capacity to produce 300,000 cubic meters of polystyrene insulation a year and turn out 150,000 cubic meters in the first year.
Sales of the full capacity could generate around EUR 15 mln a year on the Italian market, Masterplast said.
Masterplast announced in April that it established a JV in Italy with "individuals with wide experience and extensive business relationships in the local building materials market".
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