A record turnover of 100 M Euro, which POLOPLAST managed to achieve despite the coronavirus pandemic in the financial year of 2020, leads to another investment boom at POLOPLAST. About 40 M Euro will be put into the Leonding premises, which will further strengthen its position. In addition, POLOPLAST is re-orienting its international strategy in the field of high-quality wastewater and sewage pipe systems, leading to the generation of approximately sixty new jobs. And additionally, research and development from Leonding boost the number of patented innovation projects “Made in Austria”.
“The increase in investment, in the private as well as the public sector, and the boom of the construction industry, led to a very high demand for our products”, comments Wolfgang Lux, CEO, on the record result of 100 M Euro achieved last year. Now, the company is planning to further extend its development and production facilities in Leonding. Between 2016 and 2020, as much as 46 M Euro were invested, with another 30 to 40 M to follow by the end of 2025, depending on the economic developments. “We have deliberately chosen a five-year plan for the investments in Leonding. These investments will be financed exclusively from cash flow. That is something we are particularly proud of. This investment package is an excellent starting point for us to continue our exclusively organic business growth, and to pursue our goal to reach a turnover of approximately 130 M Euro by 2025”, says Lux. The new investments will allow POLOPLAST to orient its business in a new, targeted direction, and to further strengthen its position of investment and technology leadership.
Photos: Martin Eder, free of charge, copyright requested