Treofan Enters Expansion Phase With New North American Investment
Treofan Group, one of the world's leading specialty BOPP film manufacturers, announced today that it was close to doubling capacity at its North American plant in Zacapu, Mexico.
Capacity of Mexican BOPP plant to almost double
CEO Peter A. Briggs: "We are entering a period of expansion following the successful restructuring of our global business. This investment will give us a stronger competitive position in North America and allow us to expand the company's specialty product portfolio and better serve out North American and multinational customers."
Treofan Group, one of the world's leading specialty BOPP film manufacturers, announced today that it was close to doubling capacity at its North American plant in Zacapu, Mexico.
Treofan will invest approximately US$45 million in expanding production and R&D facilities including a new state-of-the-art 8.2 meter high speed production line to be supplied by Brueckner.
"We are very pleased that we are now refocused on growth", said Peter A. Briggs, CEO of Treofan. "The additional capacity in our Zacapu plant in the Mexican state of Michoacan will support growth with key customers in strategic markets in the USA, Mexico and Canada".
The new production line is designed to produce specialty multilayer coextruded BOPP films. This investment supports Treofan's growth strategy in specialty films for flexible packaging and label applications in the NAFTA region.
Treofan to grow international presence and specialty product portfolio
Peter Briggs: "With this new investment, we are entering a period of expansion following the successful restructuring of our global business. We have a clear strategy to grow our business beyond our market-leading position in Europe. This investment will give us a stronger competitive position in North America and allow us to expand the company's specialty product portfolio and better serve our North American and multinational customers."
The current investment is fully financed by the company's existing lenders and an investor group led by Goldman Sachs. Treofan is the largest producer of BOPP film in Europe, the second largest globally, and a market leader in many of the specialty product segments and geographic regions
where it is active.
