ROSTI
Swedish injection moulder plans to invest EUR 60m / German and UK plants to be expanded / Indian facility in Chennai to close up shop
Rosti (Malmö / Sweden; www.rosti.com) is investing about EUR 60m over the next two years in several expansions in both Europe and Asia – see Plasteurope.com of 16.05.2013. The plan calls for an expansion of its plant in Dresden / Germany by 3,000 m2, to make room for 10 additional injection moulding machines. The added capacity is to go towards meeting new orders for ketchup bottle lids.
Rosti’s plant in Pickering / UK, which supplies customers from the automotive sector, among others, is also set to complete its 7,000 m2 expansion by April this year. The Swedish group will install 20 additional injection moulding machines at the site, alongside a new extrusion line as well as a varnishing plant.
Following a new spate of orders for caps and closures used in the food industry, Rosti’s plant in Suzhou / China will also see its production space extended by 4,000 m2. In addition, the company will install a total of 30 new injection moulding machines in Suzhou and at its plant in Johor Bahru / Malaysia. By contrast, the future does not look bright for its site in Chennai / India, which the group plans to close. The injection moulding machines operated by the plant’s 100 employees will be transferred to China and Malaysia. The workers will be made redundant. Rosti said the measure was rooted in efforts to adjust its own geographical presence to its customers’ production networks.
Rosti CEO Börje Vernet said he expects the company will achieve its targeted EUR 400m in sales – a goal set in 2010 when group sales still fell shy of EUR 200m. Management continues to set itself ambitious goals – by 2016/17, sales are supposed to reach EUR 600m, Vernet explained, adding that all the latest expansion measures would already propel turnover past the EUR 500m level.
Owned by Swedish investment group Nordstjernan, Rosti operates 10 sites across Europe and Asia, with a total of 2,500 employees and 550 injection moulding machines. Its output mostly goes towards the automotive, packaging, household and office goods as well as medical technology sectors.
Rosti’s plant in Pickering / UK, which supplies customers from the automotive sector, among others, is also set to complete its 7,000 m2 expansion by April this year. The Swedish group will install 20 additional injection moulding machines at the site, alongside a new extrusion line as well as a varnishing plant.
Following a new spate of orders for caps and closures used in the food industry, Rosti’s plant in Suzhou / China will also see its production space extended by 4,000 m2. In addition, the company will install a total of 30 new injection moulding machines in Suzhou and at its plant in Johor Bahru / Malaysia. By contrast, the future does not look bright for its site in Chennai / India, which the group plans to close. The injection moulding machines operated by the plant’s 100 employees will be transferred to China and Malaysia. The workers will be made redundant. Rosti said the measure was rooted in efforts to adjust its own geographical presence to its customers’ production networks.
Rosti CEO Börje Vernet said he expects the company will achieve its targeted EUR 400m in sales – a goal set in 2010 when group sales still fell shy of EUR 200m. Management continues to set itself ambitious goals – by 2016/17, sales are supposed to reach EUR 600m, Vernet explained, adding that all the latest expansion measures would already propel turnover past the EUR 500m level.
Owned by Swedish investment group Nordstjernan, Rosti operates 10 sites across Europe and Asia, with a total of 2,500 employees and 550 injection moulding machines. Its output mostly goes towards the automotive, packaging, household and office goods as well as medical technology sectors.
19.02.2014 Plasteurope.com [227592-0]
Published on 19.02.2014
German version of this article...