Fainplast Expands Its Operations in Ascoli Piceno - Wire & Cable India
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Fainplast Expands Its Operations in Ascoli Piceno

Purpose of this new expansion is to increase the production capacity of Fainplast Polyolefin-based compounds. The estimated investment is about EUR 5 Million.

May 1, 2018

Fainplast Expands Its Operations in Ascoli Piceno
The new building of 7000 sqm will be dedicated to warehousing and production equipment while 1200 sqm will be available for new offices and laboratories.

Fainplast started an important new expansion of its production plant in Ascoli Piceno in April 2018. The new building which is currently under construction stands on a property already owned by the company and situated next to the existing factory. In prevision of such expansion, already in 2017, two new bridges were built over a small river dividing the two areas. The new building of 7000 sqm will be dedicated to warehousing and production equipment while 1200 sqm will be available for new offices and laboratories. The total investment for such new facility is estimated to be EUR 5 Million.

Purpose of this new expansion is to increase the production capacity of Fainplast Polyolefin-based compounds and keep the pace of the Halogen free cables market that keeps growing year after year. As a matter of fact, further more investments have been put on the budget and two new compounding lines have already been ordered. These lines will be installed into the new building both by the end of the year 2019. Additional to this, the new facility will increase the total storage space of the company and improve the logistics of raw materials and compounds.

Overall, these investments together with other investments are already on Fainplast’s long term industrial plan. It should bring an increase of the production capacity of almost 50.000 MT/year within the next 5 years.

Mr. Faraotti, General Manager and owner of the company, said, “We strongly believe in what we are doing and will go ahead rapidly on the road that we have already traced years back. The market is expanding and we cannot miss the opportunity of being a part of this growth. I have confidence in our employees, and I think that these investments together with their competence and continuous dedication can only lead to more success in the years to come.”

 

Purpose of this new expansion is to increase the production capacity of Fainplast

Polyolefin-based compounds. The estimated investment is about EUR 5 Million.Purpose of this new expansion is to increase the production capacity of Fainplast Polyolefin-based compounds. The estimated investment is about EUR 5 Million.

May 1, 2018

Fainplast started an important new expansion of its production plant in Ascoli Piceno in April 2018. The new building which is currently under construction stands on a property already owned by the company and situated next to the existing factory. In prevision of such expansion, already in 2017, two new bridges were built over a small river dividing the two areas. The new building of 7000 sqm will be dedicated to warehousing and production equipment while 1200 sqm will be available for new offices and laboratories. The total investment for such new facility is estimated to be EUR 5 Million.

Purpose of this new expansion is to increase the production capacity of Fainplast Polyolefin-based compounds and keep the pace of the Halogen free cables market that keeps growing year after year. As a matter of fact, further more investments have been put on the budget and two new compounding lines have already been ordered. These lines will be installed into the new building both by the end of the year 2019. Additional to this, the new facility will increase the total storage space of the company and improve the logistics of raw materials and compounds.

Overall, these investments together with other investments are already on Fainplast’s long term industrial plan. It should bring an increase of the production capacity of almost 50.000 MT/year within the next 5 years.

Mr. Faraotti, General Manager and owner of the company, said, “We strongly believe in what we are doing and will go ahead rapidly on the road that we have already traced years back. The market is expanding and we cannot miss the opportunity of being a part of this growth. I have confidence in our employees, and I think that these investments together with their competence and continuous dedication can only lead to more success in the years to come.”

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