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Austria's greiner buys serbian pp cup plant - China Automotive Injection Molding by na b
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Austria's greiner buys serbian pp cup plant - China Automotive Injection Molding by NA B
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Article Posted: 04/11/2013 |
Article Views: 176 |
Articles Written: 2638 - MORE ARTICLES FROM THIS AUTHOR |
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Austria's greiner buys serbian pp cup plant - China Automotive Injection Molding |
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Business,Business News,Business Opportunities
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GreinerPackaging International has purchased the polypropylene-cupproducing arm of Hipol, the Serbian state-owned industrialconglomerate. Hipol"s cup producing sector employs 60 and has extrusion,thermoforming, printing and injection molding equipment. Hipolsigned over ownership on March 27. In a news release, Kremsmünster, Austria-based Greiner saidthe acquisition will strengthen its presence in Southeast Europe.It plans to increase the plant"s workforce to 150 within thenext three years. The acquisition is part of Hipol"s move toward partialprivatization. Hipol, located in Odzaci, is Serbia"s onlyproducer of polypropylene. It operates a production plant with acapacity of 35,000 tons per year and manufactures industrialcomponents, consumer goods, and plastics packaging. Its largestmarket is the dairy industry. Greiner, based in Austria, said it entered the Southeast Europemarket in 2004 and has since become the rigid packaging marketleader. In that time, it has increased sales in the region to 20million euros ($26.4 million), including Hipol. Last year the company upgraded its facility in Bistrica ob Dravi,Slovenia. It also operates a plant in Nova Pazova, Serbia. Greiner Packaging International, part of the Greiner Group, postedsales of 446.6 million euros ($588.5 million) in 2011. It has 3,103employees at 32 sites. For more information, click here to visit my website. My website is a famous b2b platform. We offer a great deal of high quality products, such as China Automotive Injection Molding , China Automotive Injection Molding. All these are from top quality suppliers. Austria's greiner buys serbian pp cup plant - China Automotive Injection MoldingAustria's greiner buys serbian pp cup plant - China Automotive Injection MoldingAustria's greiner buys serbian pp cup plant - China Automotive Injection MoldingAustria's greiner buys serbian pp cup plant - China Automotive Injection MoldingAustria's greiner buys serbian pp cup plant - China Automotive Injection Molding The e-commerce company in China offers quality products such as China Automotive Injection Molding , China Transparent Mold, and more. For more , please visit Automotive Injection Molding today!
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