Perlen Packaging expanding to China

Amanda McCormack
EUROPEAN PLASTICS NEWS

Published: June 13, 2014 9:59 am ET
Updated: June 13, 2014 10:03 am ET

Image By: Perlen Packaging Perlen Packaging's new Shanghai operation will focus on production for the Asian pharmaceutical market.

Related to this story

Topics Film & Sheet China Medical/Pharmaceutical
Companies & Associations

Perlen Packaging, the packaging division of Switzerland-based CPH Group, has announced it is establishing a production site in Shanghai to join its existing facilities in Perlen, Switzerland, Müllheim, Germany and Whippany, N.J.

CPH told EPN that the company is investing around 15 million Swiss francs ($16.6 million) in the new facility, and that it will address the Asian pharmaceutical markets from 2016 onwards.

CPH states that Perlen Packaging already generates about 20 percent of its sales in Asia, and it is planning to intensify its production and distribution activities in the market.

“Our packaging division has achieved steady growth over the last few years, and is now one of the world's top three providers of blister packs for the pharmaceuticals market,” said Peter Schildknecht, CEO of the CPH Group.

“Our existing film coating facilities will reach their capacity limits in the next few years, though, so this expansion to Asia is a logical step that will enable us to respond even more swiftly to local customer needs,” Schildknecht continued.

Christian Weber, CPH’s head of corporate communications told EPN: “Perlen packaging is the first international player to build a plant for barrier films in China and sees great opportunity in serving the local market, which is estimated to grow with double digit figures in the coming years.”

Perlen Packaging reported 116.4 million Swiss francs ($129.4 million) in sales for 2013 which accounted for 24 percent of CPH Group’s net sales.


Comments

Perlen Packaging expanding to China

Amanda McCormack
EUROPEAN PLASTICS NEWS

Published: June 13, 2014 9:59 am ET
Updated: June 13, 2014 10:03 am ET

Post Your Comments


Back to story


More stories

Image

Bemis Co. reports sales growth

April 24, 2015 9:57 am ET

Bemis Co. Inc., in what the company is describing as a strong quarter, saw consistent earnings from continuing operations.    More

Image

Clopay Plastics suing Berry over breathable film trade secrets

April 23, 2015 2:08 pm ET

Clopay Plastics Products Co. is alleging Berry Plastics Group Inc. stole trade secrets involving its breathable film technology used for baby and...    More

Image

Adidas phasing out plastic bag use

April 20, 2015 11:50 am ET

Sporting goods company Adidas AG is phasing out the use of plastic bags in its own retail stores as part of a larger effort raise awareness about...    More

Image

Greif special committee to study 'transformation initiative'

April 20, 2015 12:22 pm ET

Greif Inc., an industrial packaging company that includes plastic containers, is forming a special board committee to help with the company's...    More

Image

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events