2m euros for cement packaging

Austrian producer Frantschach Industrial Packaging (FIP) will invest some 2m euros as of next year, to expand the capacity of its recently acquired Bucharest-based plant. “The plant has only one production line and we want to add another line,” Cuneyt Bulum, general manager of the Frantschach subsidiary in Romania said. Frantschach, one of the world’s largest industrial packaging producers, entered the Romanian market this summer by buying Kraft-Sack SA for 1.5m euros. FIP Romania makes industrial packaging mainly for the major domestic cement producers, such as Lafarge and Holcim. ZF