Superfos A/S will invest 4 million euros ($5.2 million) this year to reopen a plant and expand production of pharmaceutical containers.
The firm is reopening a 118,000-square-foot plant in Haarby, Denmark, and will create an unspecified number of jobs there. The plant had injection molded food containers until 2002, when it was closed in a major restructuring. At the time, Superfos blamed overcapacity of consumer packaging in a ``stagnating market.''
Now, new capacity is essential because manufacturing space at Superfos Pharma's main molding facility in Vaerloese, Denmark, has run out - despite an earlier expansion of that site. Superfos Pharma's 2004 sales rose 15 percent over 2003, and profit rose 20 percent, the firm said.
Kim Anderson, Superfos chief executive officer, said the new capacity will accommodate growth ``for years to come.'' The Haarby site includes a production area of about 33,000 square feet and 70,000 square feet for warehousing.
The current workforce and production capacity in Vaerloese will be maintained, Superfos said.
Superfos is based in Vipperoed.