Germany's Inotech expands in Bulgaria for new growth in Eastern Europe

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 28, 2014 10:37 am ET
Updated: January 28, 2014 10:41 am ET

Related to this story

Topics Automotive, Appliances, Injection Molding, Europe, Telecommunications

In a bid to enhance its service to customers in Eastern Europe, the German plastic component molder Inotech Kunstofftechnik GmbH is constructing a new plant at Kostinbrod, Bulgaria.

Inotech, based in Nabburg near the German-Czech border, intends to lay foundations for the new facility in the industrial area north west of the Bulgarian capital, Sofia, later this year. The plant will be equipped with injection molding machines from 300 to 1,500 metric tons of clamping force, as well as painting, printing and laser marking facilities.

Inotech group manufactures a range of plastic parts for the household appliance, automotive and telecoms sectors. In 1993, it launched a subsidiary plant at Tachov in the Czech Republic and has served customers in Slovakia and Romania for several years.

But as it entered markets further east, Inotech has faced the prospect of rising transport costs and ever more distant supply lines.

So, last year, the company initiated talks with a long-term partner over the project to form the new Bulgarian operation Inotech BG. Inotech already cooperates with the Kostinbrod-based Bulgarian molder POPP EOOD which has 11 injection molding machines of up to 250 metric tons.

In November 2013, Inotech's owner and chief executive Josef Gleixner signed a partnership deal to establish the new plant in Bulgaria.

The firm's latest project is part of a strategy of expanding eastwards to serve fresh markets, particularly in the new European Union states and Turkey. To do this, Inotech aims to set up more local production units.

POPP company was founded in 2001 as an offshoot of Germany's Reitz Group of Nad Berneck. Following the collapse of Reitz in 2009, the molder was acquired by the management in Bulgaria and is now owned by its long time employees.


Comments

Germany's Inotech expands in Bulgaria for new growth in Eastern Europe

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 28, 2014 10:37 am ET
Updated: January 28, 2014 10:41 am ET

Post Your Comments


Back to story


More stories

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Market Reports

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 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 analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

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