The future looks bright, according to Suwary (Pabianice / Poland; www.suwary.com.pl). The Polish manufacturer of plastic packaging (PET bottles, cans) and car accessories (warning triangles, fire extinguishers, first-aid kits) plans to double Ebitda by 2012 and to quadruple it by 2016. Last year the company generated PLN 3.8m (about EUR 874,000) in operative earnings, with revenues at PLN 42.4m (EUR 9.8m).

In order to meet these goals, the company plans to focus on its packaging segment, which accounts for 80% of revenues, and – more specifically – on those products that generate high margins, including multi-layer packaging, large containers and caps. In addition, Suwary plans to increase the production of PET bottles for the food and beverage industries. The future holds particular promise, the Polish company believes, for packaging for dairy farming, juices without preservatives, spices, beer, household chemicals, cosmetics and sanitary products. Suwary currently is expanding capacity at its packaging line in Ksawerów – see Plasteurope.com of 28.09.2010.

The company also expects that its acquisitions to date will support its growth drive. This year, Suwary, which is controlled by Canadian packaging group Wentworth (Hamilton; www.wtbvc.com), acquired fellow Polish packaging manufacturers Unipet and Kartpol, with plans to buy more Polish companies. In addition, Suwary plans to undergo restructuring in an effort to reduce both production and administration costs, including through the use of Wentworth technologies. The company expects the realisation of all these plans to necessitate investments of about EUR 8.2m by 2014.