Polykemi Group Invests 7 M EUR in Ystad (Sweden) & Kunshan (China)

For 2014 the Polykemi Group has launched an extensive investment plan with a value of above 7 M EUR - both at the plant in Ystad Sweden as well as in Kunshan China. In the plant in Ystad two new complete production lines will be installed – one for conventional (Polykemi´s customer adapted) compounds and one intended for the product ranges of recycled materials REPRO and REZYcom. In order to improve both productivity & ergonomics – a robotic system for atomized bag handling will also be installed.

For the subsidiary Scanfill a new line for three layer sheet extrusion will be installed and as a consequence of all above - increased capacity both for electricity and cooling is required.  At the subsidiary in Kunshan, China -a brand new factory and warehouse will be built and a new line for three layer sheet extrusion will be installed informs Polykemi AB - MD Mr Ola Hugoson.

Ola Hugoson elaborates: For Polykemi AB gladly the year 2013 was a year of improvement compared to 2012 - where we found ourselves in a situation where the sanctions on Iran - made our businesses there practically impossible.

In terms of volume and turnover it turned out appr. like the second half of 2012 and that was mainly a result of the fact that some substantial projects where delayed compared to the initial time plan.

The 2013 result, being the most important in long term perspective, showed a healthy profitability and for 2014 we expect a further increase of volumes – not a “rocket launch” – it is more a continued steady growth, underlines MD Mr Ola Hugoson.
 

MD Mr. Ola Hugoson, Polykemi AB

Polykemi AB is Scandinavia’s leading developer & producer of tailor-made thermoplastic compounds. Its product range includes compounds of almost all thermoplastics except PVC. Main applications PK compounds: For injection moulding & extrusion of exterior / interior parts for automotive, electronic, white-goods and many more applications. Polykemi is an innovative knowledge company. Our ambition is to work as close to our customers as possible. Our focuses are: security, highest possible competence / project application/optimizing & personal contacts.