Spain's La Seda delays expansion plan

Published: July 13, 2012 6:00 am ET

Related to this story

Topics Packaging, Blow Molding

BARCELONA, SPAIN (July 13, 11 a.m. ET) — La Seda de Barcelona has halted a plan to expand its plastics packaging division (APPE) after falling short in an attempt to raise capital for the project.

The Barcelona-based blamed tough financial conditions in Europe, and said it will look for alternative ways to finance the plan.

The company was seeking capital to help APPE expand into new markets and different materials.

La Seda announced July 12 that it had aimed to raise 40 million euros ($48.7 million) to finance the project, but to date it had only raised about 12.3 million euros ($15 million).

“The board of directors regrets that it has not been possible to complete the operation, which has been affected by current economic conditions in Europe,” the company said.


Comments

Spain's La Seda delays expansion plan

Published: July 13, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Shepherd named Thermoformer of the Year

March 4, 2015 11:32 am ET

Barry Shepherd, of Shepherd Thermoforming and Packaging Inc., is the newest Thermoformer of the Year.    More

Image

Newell Rubbermaid expanding production, employment in Kansas

March 3, 2015 3:31 pm ET

Newell Rubbermaid Inc. is expanding and extending plastics molding technologies at its Winfield, Kan., manufacturing plant and distribution center.    More

Image

Clear Lam settles Doritos lawsuit

March 3, 2015 4:06 pm ET

Clear Lam Packaging Inc. has settled a months-old lawsuit against Frito-Lay Inc. alleging “breach of contract, false advertising, and...    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Image

Study: LLDPE to grow steadily

March 3, 2015 11:23 am ET

Research group Ceresana says linear low density polyethylene (LLDPE) is expected to grow steadily through 2021.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events