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SEST LU-VE Expansion Authorized For The Polska Plant

Date:

The Polish authorities have issued definitive authorization for the project to expand the production facility of the subsidiary company SEST LU-VE Polska (Gliwice, Poland).

<img class="alignnone size-full wp-image-8863" src="https://refindustry.com/wp-content/uploads/2017/11/sest-lu-ve-polska.jpg" alt="" width="300" height="300" />

This authorization constituted a suspensive condition for the realization of the investment approved by the LU-VE Board of Directors on October 26, 2017.

As already made known through a press release of that date, the total investment plan (to be completed by 2021) has an estimated value of €36 million. It will be located on an area of approximately 60,000 sqm (acquired in May for €2.4 million) in the business park of Gliwice and will involve the construction of a new production facility of 20,000 sqm (covered), accounting for 50% of the total investment, and the acquisition of plant and machinery.