Klockner Pentaplast of America, Inc

GORDONSVILLE, Va.—The Klöckner Pentaplast Group will expand its North American production capacity for polyester films. Primarily used for thermoformed packaging and food packaging applications, the new polyester film capacity will be located at the company’s Beaver, West Virginia manufacturing facility and is expected to add 15 new employees. Start up is targeted for March 2008. “This expansion will enable us to continue to support our customers’ growing demand for highquality polyester films. The added capacity will allow us to meet future global market demand and further enhance new product development capabilities,” noted Michael Tubridy, president and COO of Klöckner Pentaplast/Americas.

MONTABAUR, Germany—Klöckner Pentaplast Group, a global leader of film products, announced that it has reached agreement for the sale of its flexible film business with Wipak, the packaging division of Finland-based Wihuri Group, subject to final due-diligence process and anti-trust clearance. The following production sites are affected by this agreement: Betzigau, Germany; Avanspack, Finland; and Nordpak, Finland. “The flexible film divestiture is a relatively small share (3 percent) of total Klöckner Pentaplast Group turnover. Our divestitures will enable us to focus even more on our core growth portfolio in the future,” says Joachim Kreuzburg, president and COO/Europe & Asia. “The flexible films segment can

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