Russia's Megapolis building BOPP films plant

Richard Higgs

Published: January 11, 2013 6:00 am ET

Related to this story

Topics Packaging Film & Sheet
Companies & Associations

SHAKHTY, RUSSIA (Jan. 11, 10:25 a.m. ET) — A Russian investment group has launched the first stage of a project to construct a 70,000 metric ton per year biaxially oriented polypropylene films plant in the country’s Rostov region.

In early December, senior Russian federal and regional government officials joined top management of Rostov-on-Don-based Megapolis Group at a ceremony at the project site in Shakhty. The event marked the driving of the first foundation pile for the new plant.

The unit, to be run by Megapolis subsidiary business Waterfall PRO, will operate two production lines for 3-5 layer BOPP packaging film at the plant for applications including labels, food and non-food packaging.

A 5-layer production line will turn out more than 40 different oriented film products, according to the group.

On the same day, Megapolis group signed a contract with Russian petrochemicals giant Sibur Holding for the future supply of PP resin for the Shakhty facility.

The Rostov project, which is to create jobs for 250 workers, took shape when Waterfall PRO signed a formal memorandum of cooperation with the Rostov administration at the Sochi 2012 international economic forum in southern Russia in September.

The plant is in line with the Russian government’s strategy of developing the national chemical and petrochemical industry, Denis Manturov, federal industry and trade minister. said at the site.

In business since 1993, the Megapolis Group plans to invest more than 98 million euros ($130 million) in the Rostov BOPP project, according to Chairman Konstatin Kuzin, who took part in the launch ceremony.

The diversified Russian investment group also has interests and operations in the fuel and energy, textiles, property development and leisure sectors.


Comments

Russia's Megapolis building BOPP films plant

Richard Higgs

Published: January 11, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

TricorBraun opening three regional centers

April 27, 2015 11:23 am ET

TricorBraun is opening three new, expanded regional centers in the United States: two in California and one in Tennessee.    More

Image

Bemis Co. reports sales growth

April 24, 2015 9:57 am ET

Bemis Co. Inc., in what the company is describing as a strong quarter, saw consistent earnings from continuing operations.    More

Image

KHS cuts packaging with direct printing on PET bottles, adhesive multi-packs

April 23, 2015 1:39 pm ET

KHS GmbH has been pouring a lot of time into solving issues related to direct printing on PET bottles, and after eight years of work, everyone...    More

Image

MeadWestvaco joins the Recycling Partnership

April 23, 2015 11:19 am ET

MeadWestvaco Corp., a global packaging company with some operations in plastics, is joining the Recycling Partnership.    More

Image

Sidel, BMS reach agreement on spindle patent case

April 20, 2015 1:24 pm ET

Sidel Group and Blow Mold Services LLC have reached an agreement in Sidel's patent infringement lawsuit against BMS involving the spindle chain on a b...    More

Market Reports

North American Thermoformed Packaging Market Outlook & Review 2015

Our annual report provides a thorough review and analysis of economic and political conditions, emerging market trends, packaging design advances, materials pricing and sustainable packaging issues impacting supply and demand in the TP segment. Our analysts identify key drivers of growth and opportunities for processors to remain competitive in the years ahead through innovation, production efficiencies and more.

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 Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events