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

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

Teens put a cap on watery ketchup

September 30, 2014 1:57 pm ET

Whether you spell it ketchup or catsup, use it on burgers or fries, or prefer Heinz or Hunt's, there is one universal problem for the ages: That...    More

Image

Amcor planning more growth in Asia

September 30, 2014 10:24 am ET

Flexible packaging firm Amcor Ltd. is rapidly expanding its presence in the Asian market. The company's top official in the region said it will soon...    More

Image

Uflex to build large flexible packaging plant in western India

September 30, 2014 10:01 am ET

Flexible packaging company Uflex Ltd. is planning a major new plant in the western Indian state of Gujarat.    More

Image

Malaysia's Scientex investing in PE, BOPP film capacity

September 30, 2014 9:51 am ET

Flexible packaging manufacturer Scientex Bhd, based in Malaysia, is planning investment of 300 million Malaysia ringgits ($91.4 million) over three ye...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

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

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

More Events