Russian PET products group Retal Industries Ltd. is acquiring the PET preform molding plant of plastics closures and preform company Uniplast Closed Joint Stock Co. in Dnipropetrovsk, Ukraine.
Retal Dnipro Ltd., the Ukrainian offshoot of Moscow-based Retal group, is due to take over the Uniplast preform operation and warehouses in Dnipropetrovsk for an undisclosed sum. The deal received the green light from Ukraine's antitrust authority in October.
At its main Ukrainian site, Uniplast operated about 26 injection presses, all Husky machines, molding up to 4 billion preforms annually. With additional closure and preform production at sites in Russia and Kazakhstan, Uniplast was expected to reach an overall molding capacity in 2008 of 7.5 billion preforms.
Early in 2008, the two companies announced that Uniplast was to acquire Retal's plastic closures molding plant in Bryansk, Russia, which has annual capacity of 1.8 billion units. The takeover was made by Uniplast's Russian offshoot, JSC Pet-Rus.
Retal agreed to sell the Bryansk plant in line with its strategy to concentrate on PET resin, preforms and PET film products.
In 2006, based on the growing demand for PET packaging, Uniplast opened a preforms and caps plant in Noginsk, near Moscow, with production capacity of 2 billion preforms and 1.8 billion closures.
At the same time, Uniplast launched factories in Krasnodar, Russia, capable of producing 670 million preforms per year; and in Astana, Kazakhstan, manufacturing 750 million preforms and 210 million caps per year. The company also had plans to expand its operations to serve markets in Western Europe.