Walki Group, the leading producer of technical laminates and protective packaging materials, will establish a plant in Svetogorsk, Russia, with production set to start during autumn 2011.
The investment in a new plant in western Russia, close to the Finnish border, is part of the Groups strategic plan to expand in emerging markets. The initiative will offer enhanced support to existing key customers in the Russian paper industry, as well as creating a platform for growth in other business areas.
The first phase of development will see investment to install both extrusion and printing capability in the new plant.
"This is an exciting development for Walki Group and provides an ideal platform for us to build our business in a growth region. Furthermore, we are delighted to be able to announce the creation of the new plant and to think of all the opportunities that this development will facilitate with both existing and new customers ", says Leif Frilund, President and CEO of Walki Group.