23948sdkhjf

Billerud strengthening its position in Asia

Aug 23 2011  Billerud has during the summers strengthened its position within the packaging industry by investing in a minority stake in Paccess Packaging, a US based company with numerous operations throughout Asia.

Billerud signed earlier this summer an agreement to do an investment corresponding to 30 percent in the packaging company Paccess Packaging. Paccess’ core expertise is the design and development of packaging for production and delivery in Asia.Billerud’s investment in Paccess is well in line with its strategy to be a customer- and solution-driven company, where brand owners are becoming an increasingly important customer group, Billerud wrote in a press release.This new service platform will enhance Billerud’s presence in Asia, one of the world’s largest and fastest growing packaging markets.The investment is a cash transaction and subject to customary closing conditions being met. Billerud’s intention is over time to increase its ownership in Paccess Packaging.

Kommentera en artikel
Utvalda artiklar

Nyhetsbrev

Sänd till en kollega

0.079