Knauf Insulation to invest €120 million on expansion of Croatia plant
Knauf Insulation is to invest around €120 million in a new sustainable manufacturing line featuring innovative electric melting technology at the company’s Novi Marof plant in Croatia. The expansion will enable the plant to more than double its annual manufacturing capacity for energy saving solutions, create more than 70 new jobs in the process and significantly expand the company’s European presence.
The latest sustainable technology will be at the heart of the expansion. The electric melting furnace will cut direct greenhouse gas emissions by 80% compared to traditional technology, green electricity sourcing has been secured for the plant and the possibility to recycle in the production process will increase by 60%.
Construction is planned to start at the end of the year and the new line is expected to be fully operational in 2025.
