GrapheneUP® is investing to expands its production line of intermediary products (GUP® dispersions, additives for paints and coatings, inks and graphene-based masterbatches for thermoset materials) and an upgrade of the production line of few-layer graphene. When this new investment will be completed the global production capacity of GUP® Products will be over 600 tons/year and will allow for growth across new product launches.
A new line for the compounding for thermoplastic materials and the production of graphene-based 3D filaments will be installed end of 2021. The global investment is expected to be completed before July 2022.
“Our current production line reached almost capacity and we want to ensure our customer’s orders will be met as we continue to manage growth and the development of an international distribution network through our sales and marketing efforts. Our growth strategy remains a focus and continues to unfold through additional sales channels, a widening distribution network, and brand awareness. Our new production lines will be equipped with state-of-the-art technology and we will supply our customers faster and with higher quality. We also want to improve our development work and bring new products to market even faster. At the same time, we are investing in future-oriented technologies and applications” said Ivano Aglietto, CEO of GrapheneUP.
The new production line will support the GrapheneUP’s aggressive expansion plans and will allow to significantly increase the volume of wholesale product to meet the growing popularity of the product and market demand.
Part of this investment has a support in the form of a grant in the program INOVACE – Call VII, provided by the Czech Ministry of Industry and Trade (MPO).
GrapheneUP® is a leading graphene company with the largest production of few-layer graphene in Europe with an innovative proprietary method.
Graphene itself is often unsuitable as drop-in solution to create final commercial products. To accelerate the process of integration of graphene into final products, GraphenUP® developed a line of intermediary products under the GUP® Products brand name. GUP® Products goes and enables customers to proceed in a more affordable way to create their own graphene-based products for
the markets, incorporating graphene GUP® into existing products to enhance their performance or with the purpose to create new innovative commercial products with graphene.
This news release may contain forward-looking statements based on current assumptions and forecasts made by GrapheneUP. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, competitive conditions, and current and proposed government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. GrapheneUP cautions readers to carefully consider such factors and assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.