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.