AR Packaging will invest up to 30 M€ in 2014
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AR Packaging Group announced at February 13th 2014 that the divestment actions have been cancelled and that the shareholders of the company have decided to continue and further develop the business. It has been announced too that actions to further strengthen the group will be implemented. In this context now decisions and measures have been taken to invest up to 30 M€ in year 2014.
The investments will cover all relevant parts to support the going forward in correlation with the chosen strategy of the company. Focus will be the expansion of the company as well as efficiency increases in the plants. The investments will be finalized out of the operational cash flow.
The operations of AR Packaging consist of Branded Products, Specialties and Food packaging business.
“This largest investment program ever will allow us to set up milestones in the development of our company. This will give us the possibility to accelerate and continue the actions around our successful strategy of the last years,” says Harald Schulz, President and CEO of AR Packaging Group AB.
For additional information please contact:
Harald Schulz, President & CEO of ÅR Packaging Group AB, tel. +49 6192 406 100
The press release can be viewed by clicking here.
Source: AR Packaging
