The Steico Group acquired a 16.5 hectare property in Gromadka, Poland, at the beginning of November 2020 for around Euro 1.2 million. The Group plans to build a further production facility for wood fiber insulating materials at this location.
Steico is planning to construct a new plant with two production lines for the manufacture of flexible wood fibre mats and stable wood fibre insulation materials from the dry process. To this end, new plant sections are to be supplemented with existing components that Steico has acquired on several occasions in the past. In addition to the pure production lines, the plans include the construction of the production halls, the wood yard, a biomass boiler, the defibration and drying facilities as well as the construction of storage buildings and other infrastructure. According to current estimates, the expected total investment amount will be between Euro 60 and 70 million.
As things stand at present, construction is scheduled to begin in mid 2021. Production is scheduled to start at the end of 2022.
Steico develops, produces and markets ecological construction products made of renewable raw materials. Steico is the global market leader for wood fiber insulation materials.
