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$20m BOPP deal in Turkey

Packaging maker Ismet Ambalaj has purchased a 26 per cent stake in fellow Turkish business Polinas Plastik in a deal that is said to be worth $20.5 million.

China the exception in BOPP growth

Demand for BOPP film grew by 4 per cent in 2015, with China the sole exception in a global industry that is set to advance at around 5 per cent annually until 2020, giving rise to a demand of 9.5 million tonnes, according to market research company AMI.

Treofan streamlines European structure

BOPP film manufacturer Treofan is set to combine the responsibility of its European plants into a single job role entitled chief operations officer Europe (COO Europe), with Luigi Martinese filling the new position.

Jindal Films Americas relocates HQ

BOPP film producer Jindal Films Americas (JFA) is relocating its US R&D centre and national headquarters to the company's LaGrange facility in Georgia at a cost of $180 million.

Change at the top for Biaxplen

Russian BOPP film producer Biaxplen has reshuffled some of its senior positions as part of an integration into parent company Sibur's basic polymers division.

Top security targeted by partnership

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.

BOPP capacity climbs at Cosmo

A 10.4-metre BOPP line has been ordered by Indian converter Cosmo Films that will increase its production capacity from 140,000 to 200,000 tonnes when it starts up in early 2017.

BOPP film growth continues

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.

Vanacker steps down as CEO

Peter Vanacker has decided to leave his role as chief executive of Treofan Group after less than three years at the helm.

Russian BOPP producer broadens exports

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.