Finland's Corenso United and Spain's Mandriladora Alpesa have agreed to intensify co-operation within their respective packaging operation the two companies have announced.
Corenso is increasing its shareholding in Mandriladora Alpesa from 14 per cent to 50 per cent, the other 50 per cent being owned by Pilar Sanches Mena who also continues as chairman of the board for the Spanish operation. Mandriladora Alpesa also added that its management will remain unchanged and Antonio Altur Vercher will continue as Managing Director.
Last year Corenso United downscaled its UK operations by amalgamating one of its four facilities there. The company said the move had been taken in order to maintain a competitive edge in difficult market conditions. However, the fact that Corenso has expanded its presence in the Spanish market reflects the improved performance of both the company and its majority shareholder Stora Enso.
Mandriladora Alpesa S.L. is the biggest manufacturer of cores and tubes in Spain, with an annual production of 25,000 tons. The company currently employs 100 people.
Corenso United is a leading international producer of coreboard, cores and tubes, particularly for the paper and board, textile yarn and plastic film industries. It is owned by Stora Enso and UPM-Kymmene. The Corenso Group has production units in 10 countries and its main market areas are Europe, the Asia-Pacific region and North America.