Press release -
Investing for the Future
A strategic plan designed to strengthen Innovia Films’ overall future business performance has been approved by the board of directors. This multi-million Euro investment programme is in response to the continued business success, despite today’s challenging economic environment and the desire to strengthen the organisation’s position in its chosen markets.
The initiatives identified have been selected to improve production flexibility, enhance production performance, reduce lead times and update internal processes and systems. They include:
· Coating capacity is being increased at the Wigton site. Work is underway with additional capability to come on-stream during quarter three, 2011. This improvement is being achieved by upgrading and expanding existing assets through innovative technical redesign work. · In parallel, new pioneering technologies are being tested and invested in to further expand coating capability specifically for the pressure sensitive label market. Slitting capabilities are being up-graded to include a new Atlas overhead slitter which is currently being commissioned.
“Increased demand for products right across the business has forced us to rethink best practices and take stock of future needs to ensure that the business remains strong moving forward. We have listened to the voice of our customers and decided action was required now to strengthen our capabilities and expand capacity,” explained Alexander van 't Riet, Global Sales and Marketing Director.
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Topics
- Industry, manufacturing
Categories
- innovia films
- strategic plan
Innovia Films is a leading global manufacturer of two ‘families’ of speciality products supplied into the packaging, labels, tobacco overwrap and securities markets - Biaxially Oriented Polypropylene (BOPP) and Cellulose based films.
Our films are sold to converters, brand-owners and end-users across the globe. They become part of the packaging, labelling or overwrap solution for some of the world’s best known brands across a wide variety of everyday consumer goods. These include chocolates, perfume, cheese, teabags, shampoo, cigarettes, beer and biscuits.
We have production sites in the UK, USA, Belgium and Australia and operate a network of sales offices, agents and distributors throughout the world.
Worldwide we employ 1,350 people and our focus is on delivering high quality speciality products, maintaining strong customer relationships, Research & Development and unsurpassed service.
With a turnover in excess of Є400m, our total annual film production capacity currently stands at more than 120,000 tonnes.
