Please wait.'

Page is loading'


Home  > Markets & companies  > Coatings market  > CIN invests EUR 12 million in Maia plant

Wednesday, 16 October 2019
pdf
Markets & companies, Coatings market

CIN invests EUR 12 million in Maia plant

Wednesday, 1 August 2012

In the first phase, CIN’s investment increases the production of powder paints by 50 % in Portugal.

The expansion of the Maia plant will initially create an additional 15 jobs to the 58 already existing. Source: CIN Industria, S.A.

The expansion of the Maia plant will initially create an additional 15 jobs to the 58 already existing. Source: CIN Industria, S.A.

CIN, a Portuguese paint and varnish company, unveils plans to invest EUR 12 million at its site in Maia, Portugal. The company is increasing its manufacturing capacity of powder paints for the industrial sector. The investment is scheduled for various phases over five years. The first phase has already begun. It comprises a total of EUR 6 million and was completed in July this year.

In the second phase, from December 2012 to February 2013, a specific products unit will be installed, encompassing an investment of EUR 1.5 million. The third and final phase will increase the installed capacity to 14,000 tons/year through the installation of new production lines.

Powder paints currently represent 11 % of the Group’s total turnover. The Group will produce an additional 50 % in the first phase, reaching 10,000 tons per year. This increase in production will be almost entirely channelled for export.

"We have been turning away customers because we do not have any more capacity. It was essential to increase the capacity in a segment - Industrial Finishes - which is geared towards exports and which has ample business potential for the CIN Group," states João Serrenho, Chairman of the CIN Group.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register