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One kilometre of new pipes for two million euros: How CLASSEN supports the local water supply

The CLASSEN Group, which operates the largest contiguous laminate plant in the world in Baruth, now uses up to 120 million litres of rainwater a year for its production. That is equivalent to the content of 40 Olympic swimming pools. In this way, the company is relieving the municipal water supply in an area of Germany that has been severely affected by drought in recent years.

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CLASSEN places promissory note for 75 million euros via finpair - expansion of CERAMIN activities planned

. The CLASSEN Group, one of the world's leading manufacturers of floor coverings, successfully placed a promissory note via finpair's digital platform, which brokers promissory notes to interested investors. A loan volume of 50 million euros was initially planned. However, investor demand was so great that the issue was heavily oversubscribed and a promissory note with a total volume of 75 million euros was finally issued. One third of this could be used to extend existing maturities. CLASSEN plans to use the funds for general corporate financing and in particular for the expansion of its CERAMIN production.

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