Italian plastics film producer Manuli Stretch SpA is the latest plastics processor to reveal plans to build a new plant at the Value Park industrial site set up by Dow Chemical Co. at Schkopau, in eastern Germany.
Manuli Stretch of Milan, a subsidiary of Manuli Packaging SpA, is due to spend US$60 million on the new 121 million-pound-per-year polyethylene film plant at the development at the former Buna Sow Leuna Olefinverbund complex site.
The plant will begin to turn out film early in 1999. It will use resin supplied by Horgen, Switzerland-based Dow Europe SA's new solution PE plant, launched at BSL earlier this year. That facility has the capacity to produce 463 million pounds of PE per year.
Manuli said it chose the Schkopau site because of its central position in Europe, for its direct supply of resin, and because it will allow the company to sell its products in Eastern Europe's fast-growing markets.
The firm, with annual sales of about $245 million, plans to employ about 45 at the site.
Dow's development already has attracted several other companies keen to start up plants at Schkopau. Those operations include Ravago Plastics, the Arendonk, Belgium-based plastics recycling, compounding and trading company, which is due to start up a compounding and recycling plant by January.
That plant will have a capacity of 154 million pounds per year and create about 70 jobs.
``This new development fits perfectly into the strategy of Ravago Group, which is to offer a complete service to the petrochemical industry, including recycling, toll compounding, distribution and trading,'' Managing Director Theo Roussis said in a news release.
In addition, glass-fiber-reinforced plastic moldings producer Kurotec GmbH of Weisbaden, Germany, will invest 4 million deutsche marks ($2.39 million) in a plant at BSL using Dow raw materials to serve customers in Eastern Europe, according to Dow Europe. Kurotec pipes and moldings are used to make pressurized containers, columns, scrubbers and storage tanks.