Suominen Group expands Polish flexible packaging operations
Flexible Packaging business area. The investment, which amounts to
€7 million, will double the plant's present capacity.
Suominen Corporation is to expand the Poland plant operated byits Flexible Packaging business area. The investment, which amounts to €7 million, will double the plant's present capacity.
Suominen Flexible Packaging's facility in Poland is a greenfield plant, built in Grodzisk near Warsaw in 1999-2000. The printing capacity of the plant was expanded to include the two existing presses in 2002. Sales have increased rapidly and the existing capacity is being fullyutilised.
The company predicts that the expansion will mean its current net sales of more than EUR 6 million will be doubled, as the company increases itsfocus on Poland, the rest of Central Europe, Russia, and the Baltic countries.
The expansion projects will comprise expansion of the facilities themselves, acquisition of two new presses, and a substantial increase in the converting capacity.
The project will be implemented in 2003 and 2004 and the new capacity is scheduled to beoperational on May 1, 2004, when Poland is expected to become a member of the EU.
