An Austrian manufacturer of high-performance plastic pipe systems plans to invest in a €40m at its headquarters in the region of Upper Austria as part of a wider expansion programme.
Poloplast GmbH &Co. KG, based in Leonding, is a European technology leader in the production of sewage drainage and water supply pipe.
The extruder expects to spend €13m of the planned budget during 2018 and is already seeking to add 60 new employees to its base workforce. Overall, that is set to rise by from 380 to 540, reported the regional Linz newspaper Oberösterreichische Nachrichten.
The headquarters project is in line with Poloplast’s latest expansion strategy including an ambitious business growth target over several years. The company intends to increase its annual sales from the current €108m to between €190m and €200m by 2022.
Based on its advanced technology and product innovation, Poloplast expects to extend its market growth further through boosting its export business in the US, according to the Linz publication.
Poloplast’s main plant is at Leonding with a second facility further west at Ebenhofen in Germany.
The plastics processor also recently announced planned change at the top of its management team. From the end of next year, its top executive Wolfgang Lux will step down and be replaced by Klaus Tonhäuser who will take responsibility for sales, marketing, finance and control.
Tonhäuser joined the management at the start of this year alongside Lux and Poloplast’s technology chief Jürgen Miethlinger.
The company is part of the Wietersdorfer Group, based in Klagenfurt, Austria, which is involved in the cement, limestone and other construction materials business. Another subsidiary Hobas manufactures large glass reinforced plastics (GRP) pipe for pipelines.
Poloplast, founded in 1954, is continuing to expand following an earlier plan announced two years ago when it unveiled a plan to invest €25m in acquiring new production equipment, technology and new facilities before 2020.
In an earlier five-year project from 2010, Poloplast invested in new pipe extrusion lines along with expanded compounding and fitment injection moulding capacity.
Among its customers the firm counts the French World Heritage island site of Mont Saint-Michel Abbey and surrounding village in Normandy. The company has supplied sustainable pipe and accessories for sewer refurbishment.