Former Folag production company purchased in Vietnam / Plans for future extension
In a retroactive deal effective January 2016, film producer Polifilm Extrusion (Cologne / Germany; www.polifilm.com) has acquired the Vietnamese plant of insolvent film and packaging manufacturer Folag (Sempach / Switzerland; www.folag.com) – for most recent coverage, see Plasteurope.com of 13.10.2015.

Folag Vietnam (Thuan An / Vietnam; www.folagvn.com), whose plant is located only a few kilometres north of Ho Chi Minh City, is expected to extend the company's sales channels in Europe and Southeast Asia with "customised tailor-made products", Polifilm says. The company has been renamed Polifilm Vietnam and is to be expanded under the direction of Matthias Szappanos.

In the past the Folag subsidiary operated six older lines for blown film extrusion with the relevant further processing units. The capacity is unknown.

Polifilm is a leading German sheet producer with around 1,500 employees worldwide. The machine fleet comprises more than 70 extrusion lines for PE film manufacturing. Its portfolio consists of mono and coextruded films with a thickness ranging from 12 to 400 µ and with a width of up to 18 m. The company mainly processes LLDPE, but also MDPE for a range of applications, including food, non-food, hygiene, agriculture, construction and industry. Its total throughput was about 260,815 t at the most recent figures.

Earlier this year Polifilm took over its smaller competitor WMS-Folien – see Plasteurope.com of 22.04.2016 – which has been renamed Polifilm Loope and integrated into its packaging films division.
06.12.2016 Plasteurope.com [235702-0]
Published on 06.12.2016
Polifilm: Frühere Folag-Produktionsgesellschaft in Vietnam erworbenGerman version of this article...

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