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

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window...    More

Image

Private equity firm buys Berlin Packaging

August 25, 2014 11:36 am ET

Private equity firm Oak Hill Capital Partners plans to buy rigid packaging distributor Berlin Packaging LLC for $1.43 billion.    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