European consumers including those in Spain are increasingly preferring PET and rPET packaging given its versatility, lightweight, barrier, food safe properties, as well as recyclability. To tap these growing demand, Europe’s major packager – LINPAC is expanding into Spain with a three-year plan and estimated investment of €14.3 million.
As part of this plan, LINPAC is investing in excess of €8m in a new extrusion and thermoforming capacity in Pravia, Spain. The new facility is expected to offer a wide range of lighter, more cost-effective and sustainable PET and rPET products.
This is LINPAC’s fourth extrusion line in Pravia. The new line will enable LINPAC to increase its capacity by 25 percent with increase in annual production to 630 million trays – an increase of 80 million.
LINPAC further plans to invest €3.8m for 2017 and a further €2.5m in 2018, as part of the 3 year plan.
The new project is expected to boost LINPAC’s position in the Iberian region as well as in greater Europe delivering reliable, high quality, rigid and flexible packaging solutions to leading retailers, packers and distributors.
More about Europe’s packaging world updates at CMT’s 18th GEPET on 27-28 April, 2017 in Barcelona.
Email Ms. Hafizah at firstname.lastname@example.org or call +65 6346 9218 for details of the event.