MOSCOW (MRC) -- UK packaging producer Linpac (Featherstone) has entered into a collaboration with Saudi conglomerate Zultec (Jeddah) to set up a state-of-the-art PET thermoforming facility in the Saudi kingdom, said the producer in its press release.
As part of the agreement, the two companies intend to set up a thermoforming plant in Jeddah that will supply Linpac’s range of rigid and flexible packaging materials to food processors and retailers in Saudi Arabia, the Gulf Cooperation Council and other neighbouring countries. Commenting on the collaboration, Linpac CEO Daniel Dayan said it combines Zultec’s existing network in and knowledge of the Middle East with Linpac’s packaging portfolio and intellectual property. "We aim to continue to invest and develop the relationship by establishing further extrusion and thermoforming capabilities in the region as the business grows," he added.
The location in Jeddah is close to two polymer processing hubs that already exist in Saudi Arabia – Rabigh Conversion Industrial Park and King Abdullah Economic City, both at the Red Sea. To complement its strength in the polymer production field, Saudi Arabia has begun taking concrete steps at boosting local processing activities as well .
As MRC informed earlier, Linpac Packaging had plans to open a production site in Belarus by the end of 2013.
Linpac Group Limited was founded in 1959 in Lincolnshire, England. It is now an international, GBP1.1 billion, mainly plastic packaging and supply chain manufacturing and services business, based in Birmingham, United Kingdom, and has 7,000 employees in 29 countries. The company manufactures food packaging, returnable transit packaging (RTP), rigid plastic containers, cartridges, bulk storage tanks, bulk containers, medical containers, spill control products, and GRP gratings and structures.
MRC