Converter Innovia Group has secured a technology partnership with Swedish high-tech business Rolling Optics, which will see the latter's 3D micro-optical designs and effects applied to Innovia Films' Rayoface BOPP films to provide anti-counterfeiting protection for premium goods industries.
Compound annual growth in the global consumption of BOPP films has averaged 6.2 per cent over the course of the last five years, almost twice the average of global GDP growth, according to a report on global trends in the BOPP film market.
Biaxplen, part of the Russian petrochemical giant SIBUR, has expanded its export supplies of biaxially-oriented polypropylene (BOPP) film to the European market. The first lots of Biaxplen products have been shipped to Spain and Bosnia & Herzegovina.
BOPP film maker Treofan has maintained an annual turnover of around €500 million (US$686m) in the last fiscal year, despite difficult market conditions, confirmed the company in a press meeting in Germany today.
A return to growth is expected in the European polypropylene film market after several years of negligible increases in biaxially oriented polypropylene (BOPP) film usage in Western Europe, reports PCI Films Consulting.
A £20 million ($31m) investment package has been announced by Innovia Films for the installation of additional biaxially oriented polypropylene (BOPP) film capacity and a state-of-the-art gas turbine at its UK site.
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