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ExxonMobil deal creates new films giant

17 October 2013

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Indian company Jindal Poly Films has acquired ExxonMobil's Global BOPP packaging films business fror an undisclosed sum. The deal includes two locations in the US and three in Europe - in Belgium, Italy, and The Netherlands. It also covers a technology centre and sales office in the US and an office in Luxembourg.

The acquisition makes Jindal one of the world's leading manufacturers of packaging films, with a combined BOPP capacity of 445,000t/annum.

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