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Tom Paolella
Tom Paolella May 12, 2019

ANSELL LIMITED ANNOUNCES $32 MILLION USD INVESTMENT IN THAILAND FACILITY EXPANSION

12 May 2019 - Ansell Limited (ASX:ANN), a global leader in safety protection solutions, announces it will invest $32 million USD over the next two years to expand its Lat Krabang, Thailand manufacturing facility. The expansion allows the Company to increase plant capacity by 30% to address growing global demand for Ansell chemical protection platform products.

The investment includes a new state-of-the-art 12,000 square meter production facility as well as funding for innovative manufacturing processes and technologies. In addition, Ansell will build a new biomass boiler on the site to provide clean, renewable energy and lower energy costs.

“The expansion further positions Ansell to meet marketplace demands while increasing capacity and developing innovative manufacturing processes,” says Magnus Nicolin, Chief Executive Officer and Managing Director at Ansell. “This is an investment not only in our production capabilities but also in minimizing the environmental impact of our global footprint.”

The expansion is due to be completed by mid-calendar year 2021.

ENDS