Czech flexible packaging plant bought from Russia's Danaflex
Info: Money transfer and visa issues force Danaflex to sell Czech subsidiary
08.09.2022 16:14:58
With the acquisition of a flexible packaging plant in Kralice na Han, Czech Republic, Amcor (Hawthorn, Australia; www.amcor.com) is expanding its presence in Central Europe.

The Australians have acquired the plant near Prostejov from Russian packaging manufacturer Danaflex (Kazan; www.danaflex.ru), which commissioned the facility under the name DGPack in 2019 (see Plasteurope.com of 18.04.2019). Financial details were not disclosed.

DGPack makes laminated plastic pouches, primarily for baby food, pet food, and coffee, and the plant also has flexographic and gravure presses and an R&D centre for sustainable packaging solutions. The acquired land and buildings are expected to offer Amcor the opportunity to expand operations and build a more modern production centre.

Michael Zacka, president of Amcor Flexibles Europe, Middle East & Africa, said the “scalability of the acquired site and its attractive location” will help to meet the growing demand for flexible packaging solutions in the region.

Related: Amcor expands capacity for medical packaging in Ireland

Danaflex has two Russian film and flexible packaging production sites for the food and hygiene sectors. Both are situated in the Republic of Tatarstan – one at company headquarters in Kazan and the other in the Alabuga special economic zone with the designed production performance of 46,000 t/y and 22,000 t/y, respectively.

Related: Western packaging producers exit Russia
Money transfer and visa issues force Danaflex to sell Czech subsidiary
Airat Bashirov, president of Danaflex, told Russian press that selling the Czech plant was a forced move as the company started experiencing problems with money transfers to its European subsidiary, as well as facing difficulties in obtaining Schengen visas for its employees due to Western sanctions against Russia.

“But the main challenge for us was the stability of our clients. These are serious multinational companies with which we work both in Russia and abroad. In order not to let them down, since these risks are beyond our influence, in March, we decided to sell the asset,” Bashirov said. To support its export division, Danaflex intends to open a new production site in Turkey by the end of 2022, Bashirov said. He did not provide further details.
06.09.2022 Plasteurope.com [251075-1]
Published on 06.09.2022
Amcor: Werk für flexible Verpackungen in Tschechien übernommenGerman version of this article...

© 2001-2022 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2022 by Plasteurope.com, Bad Homburg
Date of print: 26.11.2022 17:23:44   (Ref: 267701783)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp