Malbork, Poland --Polish PU foam maker MZCh Organika plans to invest around PLN 2m (€472,000) to modernise capacity and increase workforce at the site.
The investment comes as part of the firm’s target to post sales of PLN 220m (€52m) in 2015 up over 11% from PLN 197.8m (€46.7m) in 2014, Organika said in a statement.
The Malbork plant is currently operated by 206 workers. In total, Organika has a workforce of 281, according to data from the firm.
Organika says it is currently the third largest PU foam maker in Poland with a share of about 13%. Organika puts Vita’s market share at 18% and Eurofoam at 17% of the market.
Organika says the investment will help it expand its export sales within Europe. More than 90% of the company’s output is PU foam which Organika supplies to the furniture, construction and automotive industries.
Its flagship T-shape products have a density of 14-40 kg/m3. Organika makes about 22 kT/year flexible PU foam. It is part of Poland's Organika Group, with production facilities in Russia, Bulgaria, Romania, Serbia, Bosnia and Herzegovina, Belarus and the Czech Republic.
XE conversion: 30 September 2015
By Jaroslaw Adamowski