Packaging solutions company Amcor has purchased a “world-class” flexible packaging plant in the Czech Republic.
Amcor says the location of the facility increases its ability to meet strong demand for its flexible packaging and enables further customer growth in Central Europe.
Michael Zacka, president of Amcor Flexibles EMEA, said: “With this acquisition, we are investing to accelerate the organic growth momentum of our flexibles business in Europe in attractive segments. The scalable nature of the acquired site and its attractive location further bolsters our ability to service strong customer demand and generate strong returns for Amcor shareholders.”
The site is a greenfield development, commissioned by DG Pack in 2019. It features specialised equipment for applications such as coffee and pet food.
By Sian Yates
Source: foodbev.com
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
