Duderstadt, Germany – Foam Partner plans to open a EUR 10m converting centre for its technical foams businesses here in 2020. It will replace and update the Kureta business it owns in Stadtallendorf, Germany.
The new plant will cover 8500 m2 and create 'several new jobs,' said the company.
Michael Riedel is FoamPartner's CEO. He said the company was investing in this because of 'rising demand for custom-tailored technical foams in specialised industrial applications.'
He added: 'we have decided to build a new converting centre that meets this trend. It will expand our supply capacities for industrial foam products.' Key markets are likely to be acoustics, sealing, filtering, household, surface treatment and packaging.
This new plant will feature cutting, stamping, milling, drilling, laminating and packaging processes. Low-volume products will also be produced on a dedicated small-scale machining centre.
The new conversion centre will use material form the company's plants in Duderstadt and Leverkusen, Germany as well as Wolfhausen, Switzerland.
FoamPartners' bought the Kureta business in 2009. At the time the company employed around 45 people and turned over around EUR 7m. It specialised in cutting foam for ceramic filters.
Stadtallendorf is about is 135 km (85 miles) south west of Duderstadt.
FoamPartner said it plans to close the plant in June 2020.