STOROPACK
Improved results in 2000 / Focus on core competencies / Generation change
The Storopack Reichenecker Group – HQ: Storopack Hans Reichenecker GmbH (D-72555 Metzingen; www.storopack.com) – still has its sights set on growth and will be focusing more on its core competencies in packaging in future. After a sharp rise in sales in the 2000 business year, sales for 2001 are expected to run at the same level, “with clearly improved results from operative business”, as was stressed to journalists. The generation change in the operative management which has been under preparation for a number of years, is complete since 1 January 2002 when Hermann Reichenecker (30) takes over from his father Hans Reichenecker (67) as managing partner of Storopack Group Holding GmbH. Hans Reichenecker is taking on the post of chairman of the newly-formed supervisory board.
Group sales at this company, which specialises in EPS and EPP products, increased 13.4% in the 2000 business year, to stand at EUR 403.9m. Sales are expected to run at this same level in 2001 thanks to the company´s concentration on its core business of packaging (two divestments) and despite the changed economic climate. The company explains the fall in its domestic sales to EUR 117.1m (127.4m) by its withdrawal from EPP (expandable polypropylene) automotive parts. The lower level of sales in the UK (EUR 11.2m, down from 18.8m) is due to the sale of its A1 Packaging activities. The above-average increase in sales in North America (to EUR 99.76m, from 85.7m) was achieved through the stronger dollar and through real growth resulting from the successful introduction of new products.
The Moulded Parts division takes in the development, production and marketing of EPS and EPP packaging. Storopack has moved into the rapidly-growing Chinese market for EPS mouldings and board via a joint venture with its Taiwanese partner Sing Home and with an overall investment of approximately EUR 7.6m. The two new moulded-part facilities in Dongguan and Sozhou, with a total of 450 employees, supply the Chinese subsidiaries of international groups such as Philipps, Acer, Apple, IBM and Dell. The production of cycle helmet inserts and moulded EPP packaging for the dispatch of laptops are also contributing towards the above-average growth in China.
In March 2001, Storopack´s business in EPP moulded automotive parts, with sales of some EUR 8.7m, was acquired by JSP International (www.jsp.com), the leading Japanese producer of EPP pellets, as part of a cooperative deal. The entire Obersulm-Eschenau facility is being rented out to JSP to this end.
Reader Service: Company-portrait brochure “Moulded parts”: PIE-No. B 45494.
• e-Service:
Documents for the Storopack press conference in Stuttgart on 29 November 2001 detailing the course of business for 2000/2001 and giving current company-portrait information as PDF document (118 KB)
Group sales at this company, which specialises in EPS and EPP products, increased 13.4% in the 2000 business year, to stand at EUR 403.9m. Sales are expected to run at this same level in 2001 thanks to the company´s concentration on its core business of packaging (two divestments) and despite the changed economic climate. The company explains the fall in its domestic sales to EUR 117.1m (127.4m) by its withdrawal from EPP (expandable polypropylene) automotive parts. The lower level of sales in the UK (EUR 11.2m, down from 18.8m) is due to the sale of its A1 Packaging activities. The above-average increase in sales in North America (to EUR 99.76m, from 85.7m) was achieved through the stronger dollar and through real growth resulting from the successful introduction of new products.
The Moulded Parts division takes in the development, production and marketing of EPS and EPP packaging. Storopack has moved into the rapidly-growing Chinese market for EPS mouldings and board via a joint venture with its Taiwanese partner Sing Home and with an overall investment of approximately EUR 7.6m. The two new moulded-part facilities in Dongguan and Sozhou, with a total of 450 employees, supply the Chinese subsidiaries of international groups such as Philipps, Acer, Apple, IBM and Dell. The production of cycle helmet inserts and moulded EPP packaging for the dispatch of laptops are also contributing towards the above-average growth in China.
In March 2001, Storopack´s business in EPP moulded automotive parts, with sales of some EUR 8.7m, was acquired by JSP International (www.jsp.com), the leading Japanese producer of EPP pellets, as part of a cooperative deal. The entire Obersulm-Eschenau facility is being rented out to JSP to this end.
Reader Service: Company-portrait brochure “Moulded parts”: PIE-No. B 45494.
• e-Service:
Documents for the Storopack press conference in Stuttgart on 29 November 2001 detailing the course of business for 2000/2001 and giving current company-portrait information as PDF document (118 KB)
10.01.2002 Plasteurope.com [16265]
Published on 10.01.2002