The Board of Directors decided on the investment to expand the production site of the subsidiary company SEST-LUVE Polska in Poland.
The total investment plan, which will be completed by 2021, has an estimated value of €36 million; building work will be located on approximately 60,000 m2 of ground in the business park of Gliwice (purchased in May for €2.4 million), and includes the construction of a factory of 20,000 covered m2, (representing about 50% of the total amount), and the acquisition of plant and machinery. The realization of the investment is subject to the obtainment, from the competent authorities, of definitive building approval for the submitted project. Work is scheduled to begin in the month of November. The strategic objective of this investment is the increase and rationalization of the productive capacity of the Group, in order to better exploit the opportunities of market growth.