Nordenia: Expansion of film products for hygiene industry

Film conversion group Nordenia International is to invest more than E30.3m this year as part of the growth strategy agreed with its new major shareholder. Oaktree Capital Management of the US took control of Nordenia, headquartered in Greven, Germany, in January. This year’s investment level has doubled in comparison with 2005. Of the total, E15.5m will be spent on a capacity expansion at the German production site in Gronau and the remainder invested at other sites in Germany, the US, Spain, Hungary, Poland and Russia. The main focus of the investment programme is manufacturing of products for the hygiene industry. Chairman of the executive board of Nordenia, Ralph Landwehr, said: “It is here that we see above-average growth potential and this is why we are expanding our capacities even further. In addition, we will strengthen our position as a provider of quality products.” The company’s product segments include label films, surface protection films and consumer packaging.

Leave a Reply

You must be logged in to post a comment.