Baltic States flexible packaging producer Polipaks is investing €28.5m to construct a new production plant in Latvia capable of turning out 9-layer barrier film and laminates. Riga-based Polipaks is due launch its new production, logistics and administration complex in Marupe, Latvia in February 2015. The project will enable the film extruder and packaging converter to raise its production capacity by 75%, Polipaks said. The new film extrusion, printing and laminating complex will include a production area of nearly 15,000 square metres with 10,000 square metres allocated to logistics and 35,000 square metres devoted to office accommodation. At the heart of the Polipaks plant will be a new barrier film extrusion line provided by German flexible packaging machinery supplier Windmöller & Hölscher. This innovative equipment will enable the Latvian firm to almost double its volume output from 450 – 800 tonnes per month by 2017. Finance for the expansion scheme was partially funded by the European Regional Development Fund with €4.27m provided via the Latvian Investment & Development Agency. Polipaks group allocated €5.5m of its own while another €18.5m has come from the Danske Bank. Polipaks, whose current plant has a production area of 16,000 square metres, manufactures a range of roll packaging and bags in materials including polyethylene, PET, polyamide, BOPP, EVOH as well as paper and aluminium foil. The firm’s mainstream product range comprises three-layer PE based coextruded films. It supplies packaging for food and non food markets. A major part of production by the Latvian processor is exported. Polipaks is reported to be gaining a significant market share in Scandinavia while also targeting new business in the UK.
Polipaks invests €28m in new Latvian plant
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