BURLINGTON, ONTARIO (Sept. 12, 12:30 p.m. ET) — Polish plastic packaging and car accessories manufacturer Suwary SA has announced plans to acquire one or two local packaging business and to start producing multilayer plastic bottles, with capacity of up to 30 liters, at its plant in Pabianice, Poland.
Suwary is controlled by Canada's packaging and mold making group Wentworth Technologies Co. Ltd., which holds a 59.99 percent stake in the business.
“The first half of 2011 was a quite difficult period for the plastic packaging industry, as the prices of plastic reached record-high levels. But despite this, we have managed to report good financial results, and we expect the next six months to be even better for our business,” said Walter Kuskowski, CEO of Suwary.
Kuskowski, founder of Burlington-based Wentworth, immigrated to Canada from Poland in the 1960s. He moved his international company into Poland in 1997 and since then has created a major foothold in central Europe, to complement operations in North America, Western Europe and Asia.
According to Kuskowski, the Polish company is dedicated to further advancing its growth strategy and increasing its plastic packaging output. Suwary plans to launch production of the new multilayer plastic bottle in the third quarter of 2011, he said. The project will be co-financed from the European Union regional development funds.
Suwary is currently completing construction of a new plastics packaging plant in Ksawerów, Poland. Other plans by the manufacturer include boosting production of plastic screw caps.