Novalis Invests $35M to Double LVT Manufacturing Capacity
Novalis Innovative Flooring announced the completion of a deal with Zhenjiang City to purchase a 35–acre tract directly across from its existing manufacturing facility. The company plans to erect a new state-of-the-art LVT plant – doubling the size of its current facility, already the largest LVT plant under one roof in Asia. The total investment will be approximately $35 million.
In addition to new LVT production lines, the new facility will house the company’s new headquarters and administrative offices, expanded research and development and design facilities, and a new Customer Experience Center to share and educate the Novalis vision of sustainability. The design and construction of the new space will be LEED and WELL certified. Completion will occur in three phases over the next 36 months, with phase one completed by Q1 of 2019.
“After looking at a variety of options and scenarios, we determined that building literally across the street from our existing plant made the best sense for servicing and supplying our customers, both in the U.S. and around the world,” said John Wu, president and CEO of Novalis. “Our combined operation and expanded corporate campus will afford us amazing design and production synergy that we just couldn’t duplicate anywhere else. We are currently working on the next generation of LVT in both flexible and rigid core, so the timing of this investment couldn’t be better for us. We are committed to remaining a global leader in LVT, therefore we have to continue to innovate with styling, construction and features. We founded Novalis in 1984 and were the first to produce LVT in China. With this latest investment in production, R&D and Design facilities, we plan to continue to lead the development of the next generation of LVT.”
For more information, visit novalisinnovativeflooring.com.