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

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

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that packaging...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events