Zotefoams’ capacity growth on track
Zotefoams plc, a world leader in cellular materials technology, received delivery of two new high-emperature, low-pressure autoclaves and associated bulk tanks, which marks another milestone in its £12 million investment programme to increase foam manufacturing capacity at its UK facility.
The investment provides flexibility to produce both ZOTEK High-Performance Products (HPP) and the AZOTE polyolefin range of foam products. In a recent trading update, Zotefoams confirmed a 97 per cent increase in sales from HPP products and a seven per cent increase in sales of polyolefin foams.
This addition to UK capacity is one of three major investments by Zotefoams, as the group’s site in USA will complete a $42 million investment in infrastructure, extrusion and two high-pressure autoclaves this year, while in Poland work is progressing following the announcement of an investment in a third foam manufacturing production site to increase capacity of the group’s polyolefin foams range a further 20 per cent in 2020.
Group CEO David Stirling says, “So far this year we have seen substantial progress for the group in many areas. With strong customer interest in HPP materials, ongoing development opportunities within polyolefin foams and our full commitment to capacity investments, we are confident about the future prospects of the business.”
Zotefoams will be exhibiting at Foam Expo Europe 2019 at Stand 654