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PET producer wraps up financial reorganisation with capital increase

March 20/2012

(plasteurope) -- A EUR 40m capital increase is supposed to complete PET producer La Seda de Barcelonas financial restructuring and simultaneously shift the companys focus to a completely integrated PET packaging production chain. The latest financial injection is to go towards raising the activities of processing subsidiary Artenius PET Packaging Europe. LSB is also mulling the installation of a new PET line.

Against this bacjdrop, it comes as no surprise that APPE has announced the construction of a new plant in Katowice / Poland. The EUR 15m facility, which will turn out the entire APPE portfolio, including preforms and bottles, is due to be completed by the end of 2012 and will predominantly cater to the north and east European markets with a special focus on Russia and Ukraine.

APPE is also planning to build a new facility in Italy an important European PET market where it does not yet have a production unit. The former Schmalbach-Lubeca business currently operates production plants in the UK, Germany, France, Belgium, Morocco, Turkey and Greece. In the future, APPE plans to focus increasingly on delivering innovative solutions and "through the wall" services.
Author:Anna Larionova
Category:General News
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