Uboldo, Italy, 25 March 2018: Lu-Ve Group announced the investment plan to expand the production site of their subsidiary company SEST-LUVE Polska, in Gliwice, Poland, said Fabio Liberali, Chief Communications Officer, speaking on the company’s latest developments. Liberali said, “The total investment plan, which will be completed by 2021, has an estimated value of EUR 36 million.”
Liberali explained that building work will be located on approximately 60,000 square metres of ground in the business park of Gliwice, which was purchased in May 2017, and includes the construction of a factory of 20,000 covered square metres and the acquisition of plant and machinery. Work began in November 2017, he added.
Liberali further said, “The strategic objective of this investment is the increase and rationalisation of the productive capacity of the Group, in order to better exploit the opportunities of market growth.”
Hannah Jo Uy is Features Writer at Climate Control Middle East magazine. She may be contacted at hannah@cpi-industry.com
