(INEOS) -- INEOS Group today confirmed the completion the sale of its global films business to Bilcare AG. The completion of the sale follows the announcement to sell the business, for the sum of ┬100 million, made on August 2nd, 2010.
The global films business which had 2009 annual sales of ┬240 million will now become a part of the Bilcare group, a leading international pharmaceutical packaging and research company.
INEOS Films division is a global producer of high quality polymer films built on expertise and innovation. As part of the Bilcare group it will continue to play a major role across international markets for pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards.
Russian polymers' market prospects are going to be discussed at Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more information please refer to http://www.polmersummit.ru/ Summit official web page.