Balterio Investing $15M in Production, R&D

Sint Baafs Vijve, Belgium, July 7, 2010--Laminate flooring maker Balterio is investing $15.1 million quality control, production lines, research and development, and a new point of sales system.

The investment in the production unit will increase the annual production capacity from 20 million square meters to nearly 30 million.

Balterio is a joint venture between Baltagroup and Spanogroup and was founded in 2001.