Masterbatch specialist Gabriel-Chemie GmbH is targeting the Spanish, Portuguese and North African markets, with the opening of a new subsidiary.
Gabriel-Chemie Ibérica is now the firm's seventh subsidiary business and will be overseen by managing director Elisabeth Sommer.
Speaking about the new venture, Sommer said: “Our growth potential in this economic area has been limited by our current structure. By having our own sales and production subsidiary, we are able to react better and faster than ever before to the market needs of Iberian industries.
“By building on our reputation for high quality, we believe there is great potential for us to successfully establish ourselves in this large plastics market.”
The Austrian-based plastics company has its headquarters in Gumpoldskirchen and operates further subsidiaries in Germany, the United Kingdom, Hungary, the Czech Republic, Poland and Russia.