BARCELONA, SPAIN (March 9, 11:55 a.m. ET) — APPE, the packaging division of La Seda de Barcelona, has created a new company in Poland to serve the eastern European markets.
The company has invested 15 million euros ($19.7 million) in APPE Polska, which will manufacture preforms and bottles in Katowice, Poland, using technologies such as Heat Set and DeepGrip.
“We believe that Poland has excellent development potential that ideally matches our own substantial long-term expansion plans,” managing director, Martin Hargreaves said in a statement. “This is part of our continuing strategy to move our business forward.”
APPE says the subsidiary, which is scheduled to open later this year, has already secured two major new contracts with leading companies.