DOMO CHEMICALS’ BOARD has approved an investment to expand the BOPA production of CFP FLEXIBLE PACKAGING, CESANO MADERNO (Italy), which has been acquired on July 1st 2014.
23 December 2014
December 2014
DOMO CHEMICALS' BOARD has approved an investment to expand the BOPA production of CFP FLEXIBLE PACKAGING, CESANO MADERNO (Italy), which has been acquired on July 1st 2014.
The investment will be done in Leuna (Germany) to capitalize on the important synergies with the PA6 supply chain and is related to a 5,5 Kton BOPA, with all the facilities including the building ready for a further expansion with a second line. The line should be operational by June 2016.
" This investment is confirming the commitment of our Group to the Film business - Alex Segers CEO of Domo Chemicals said - confirming our strategy of downstream integration along the polyamide value chain and is the recognition of the leadership of CFP in the Film business "
" With this expansion - Maurizio de Costanzo , CEO of CFP Flexible Packaging - CFP will be able to support the business of the converting industry increasing the availability of superior quality Film giving at the same time the possibility to expand our presence into other regions . "
Domo Chemicals is a privately owned German based Chemical Company with 900 Mio € Turnover and 850 employees, and facilities in Germany, Italy, China and USA. DOMO Chemicals is a fully integrated Caprolactam and Nylon 6 specialist, globally active in the field of Nylon 6 intermediates (Caprolactam, cyclohexanone, phenol, acetone, etc.), Nylon 6 resins, Nylon 6 engineering plastics, engineering plastics compounds, Nylon 6 packaging film and fertilizers.
Contact:
Sofie De Boever
P.A. to Alex Segers, CEO
Tel.: +32(0)9 241 45 19
E-Mail: sofie.deboever@domo.org
Internet: www.domochemicals.com
