The European packaging industry has seen a string of acquisitions, sales and developments of late - the latest coming from Suez, M-real, and the United Company Rusal.
Suez Environnement to buy BellandVision
France's Suez Environnement yesterday announced it is buying out the German packaging recycling firm BellandVision Gmbh in a bid to position itself in the country's large waste market.
Signed on December 5th, the agreement means Suez now holds 68.4 percent of BellandandVision, which recycles the packaging from manufacturers and large-scale retail operations.
Suez says it is looking to enter a new market segment and thereby become a leading player in the recycling and reuse of packaging in Germany.
"The German waste market is a competitive sector but first and foremost a true laboratory of ideas and new technologies from which other European countries could draw inspiration in the coming years," said Jean-Louis Chaussade, CEO of Suez Environnement.
The company said the recycling market for packaging in Germany is worth €1.5bn.
M-real sells packaging plant to Autajon
The M-Real Corporation has sold its Belgian operation to the French Autajon Group under a sales share agreement.
The Finnish company's subsidiary in Belgium, Meulemans SA, employs approximately 240 employees, with sales of €30mn. However, M-real says the transaction will have little effect on its operating profit and is part of an internal stream-lining designed to address cost inflation from 2007.
"The sale of Meulemans wraps up the restructuring programme which we announced in October 2006," said Mikko Helander, CEO of M-real. "The asset divestment target set for the programme was €500mn and it is now clearly exceeded being approximately €700mn."
UC Rusal to build packaging foil plant near Moscow
UC Rusal is investing US$20mn to construct a packaging foil manufacturing facility in the Moscow region so as to meet domestic demand for its product.
The company is the world's largest aluminium producer and says this move will increase its share of the Russian foil and foil-based packaging market by up to 66 percent.
The products made at this plant will then be shipped to the Russian market, where demand has grown by an average 5.8 percent annually, according to UC Rusal.
"The fast growing market is forcing manufacturers to expand and renew their range of products," said Alexander Burdin, UC Rusal packaging division director.
Set to yield an estimated capacity of 20,000 tonnes of packaging foil per year, construction of US Rusal's new plant is set for to begin in 2008 with first production scheduled for the end of 2009.
"Thanks to the unique properties of foil, aluminium lies at the heart of the packaging industry," said Burdin. "For this reason UC Rusal is investing in new capacities and modernisation of existing plants."
Source: packwire
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