Penopleks Builds Siberian Extruded Polystyrene Plant17 Jul 2009 • by Natalie Aster
Russian construction insulation manufacturer Penopleks Holding is investing €10m to establish a 100,000 cubic metre per year extruded polystyrene (XPS) plant in the Siberian city of Irkutsk.
Penopleks, based in St Petersburg, already has existing PS insulation materials plants across the country in Perm, the seaport of Taganrog, Novosibirsk, Siberia's largest city and Kirishi in the Leningrad region. In 2007, the company manufactured a total of 1.8 million cubic metres at all its existing production units.
The main XPS plant in Kirishi, established in 2003, last year had a manufacturing output of 500,000 cubic metres per year.
With the Irkutsk start up and launch of another facility in Kazakhstan by this year, Penopleks's total capacity is set to increase to 2.4 million cubic metres per year.
Last year, the company was exporting around 20% of its production while the domestic market absorbs the greater part of its output. National consumption is growing rapidly by as much as 15% per year.
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