La Seda de Barcelona approves capital increase
By European Plastics News staff
Posted 2 March 2012
La Seda de Barcelona has approved a capital increase of €400m to boost its plastic packaging division (APPE). The company will use the capital to expand into new markets and focus on new materials, such as HDPE.
In Europe, the company will enhance APPE’s presence in the northern and eastern European markets, including in Russia and the Ukraine, by building a new production plant in Poland. It is also considering investing in a 400,000 tonne PET plant in Portugal.
In terms of materials, APPE will start using HDPE to access new markets, for example dairy products. New technologies will include Activeseal, Hotfill Double Blow, Deep Grip and Heat Set. And in Italy and Spain, APPE will promote Elite, a ‘green’ resin, which contains up to 50% post-consumer recycled PET.
The company this week also presented its final results for the 2011 financial year. It posted turnover of €1.2bn, a 17.6% increase from 2010.
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