Klöckner offers update on global expansion

EUROPEAN PLASTICS NEWS

Published: September 10, 2013 3:00 pm ET
Updated: September 10, 2013 3:02 pm ET

Related to this story

Topics Mergers & Acquisitions, Calendering, Extrusion
Companies & Associations Klöckner-Pentaplast of America Inc.

Global films producer Klöckner Pentaplast Group is offering an update on its plans to expand worldwide in 2013 and 2014.

The company recently announced that it is investing 45.6 million euros ($60 million) to boost capacity in Europe, China and Brazil.

A new line at its Newport, England, site, will increase polyester film capacity by 8,000 metric tons and add 15 new employees. Total investment is 6 million euros. In Portugal, Klöckner is investing 5.5 million euros to also add 8,000 metric tons of polyester capacity.

The remaining money is being invested in China, where shrink film capacity will go up by 6,600 metric tons, and Brazil, where the firm is investing in 1,200 metric tons of additional coating and laminating capacity.

The announcement comes only weeks after Bloomberg News reported that Strategic Value Partners Investment Group — the U.S.-based firm that bought Klockner Pentaplast last year — is working with financiers Goldman Sachs Group and Jefferies Group to find a buyer for the firm.

Klöckner Pentaplas had announced plans for investments in China, Brazil and Portugal in November 2012 — less than four months after SVP had purchased the company.

Klöckner Pentaplast is based in Montabaur, Germany, and employs more than 3,000 at 17 plants worldwide.


Comments

Klöckner offers update on global expansion

EUROPEAN PLASTICS NEWS

Published: September 10, 2013 3:00 pm ET
Updated: September 10, 2013 3:02 pm ET

Post Your Comments


Back to story


More stories

Image

Inteplast expands in corrugated sheet with Coroplast deal

August 21, 2014 5:28 pm ET

Packaging major Inteplast Group has acquired its main competitor in corrugated plastic sheet, Coroplast Inc. Inteplast gets corrugated sheet plants...    More

Image

NanoHolding, Applied Nanotech merge to form PEN Inc.

August 21, 2014 4:44 pm ET

Nanotechnology firms NanoHolding Inc. and Applied Nanotech Holdings Inc. are merging to create PEN Inc., a publicly held firm whose product mix will...    More

Image

German injection molders Metz-Werke and Inotech to collaborate

August 21, 2014 11:47 am ET

German injection molding companies Metz-Werke GmbH & Co. KG and Inotech Kunststofftechnik GmbH have announced that they have joined forces to bring...    More

Image

German firms combine hybrid part expertise

August 21, 2014 11:18 am ET

L. Possehl & Co.'s acquisition of TPS Technical Plastic Systems GmbH will bring together companies which specialize in the manufacture of hybrid...    More

Image

Ply Gem continues acquisition streak, buying Simonton for $130 million

August 20, 2014 2:33 pm ET

Building materials manufacturer Ply Gem Holdings Inc. will acquire Simonton Windows from Fortune Brands Home & Security in a $130 million deal that li...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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