São Paio de Oleiros, Portugal—After only two years of Hydrocork’s launch, Amorim Revestimentos is taking a significant step and investing 10 million euros in its production infrastructure and procedures. This new production unit will increase the response to a growing and more enlightened demand, increasing Amorim’s throughput capacity in over 43 million square feet of flooring per year.
“This investment aims to increase capacity to produce Hydrocork but also to create a range of new agglomerated cork composites with features that don’t exist in the market yet,” said Antonio Cruz, CEO of Amorim Revestimentos. “These products will be truly unique in the market, not only because [they] will be waterproof but also free from PVC.”
Present in more than 70 countries, Amorim Revestimentos closed 2016 with a turnover of around 124 million euros. Cruz admits he is extremely confident that the investment “represents a game changing in the company and a paradigm shift on how it operates in the market.”