Alcan Packaging is to build two new plants in Russia. One site in Moscow will produce flexible packaging for the confectionery and dairy markets, the other, at St Petersburg, will be dedicated to tobacco packaging. Alcan is investing US$55M in the projects.
"The Russian packaging market represents an attractive growth opportunity and is strategically important to us," says Christel Bories, president and ceo. "Alcan Packaging has established a leading position in the Russian rotogravure food flexibles market and it is our intention to achieve the same in tobacco packaging. By creating a local manufacturing presence, we aim to better serve customer needs and to deliver a full range of high quality products."
The food flexibles facility represents an initial investment of about $25M for the construction of the greenfield facility and equipment to support print, lamination and die cutting capabilities. The greenfield tobacco packaging site is mainly focused on carton production, and will require an initial spend of some $30M. Production both facilities will begin before the end of April, 2006. More than 100 people will be employed in the food flexibles plant and 120 in the tobacco packaging operation.
Worldwide, Alcan employs approximately 73,000 people in 56 countries.
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