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CONSOLIDATION CONTINUES TO DRIVE EUROPEAN POLYETHYLENE FILM INDUSTRY

AMI, Bristol, 26th April 2012 — Leading industry consultants, AMI, has just published the ninth edition of its report on the Corporate performance and ownership among polyethylene film extruders in Europe. In the last edition, British Polythene Industries, regained the top position and continues unchallenged with a throughput of over 29,000 tonnes more than its nearest rival second-placed RKW.

BPI's production is primarily based in the UK where it acted as consolidator building a leading position through acquisitions in the 1908s and 1990s.  Latterly its strategy has been more concerned with restructuring and reorganising its assets to improve profitability focussing its business on agricultural films and food packaging films.

RKW similarly built its position as a leading European player through acquisition.  These included the Rosenlew polyethylene film and sack business acquired from UPM-Kymmene in 2000 and the acquisition of the German film units which had previously belonged to BP Chemicals in 2002 which operated in similar fields of industrial packaging, agricultural and hygiene films as RKW.  In 2006 it added Werra Plastic in Germany.

AMI"s report highlights the challenging market conditions for polyethylene film extruders in recent years and the varying responses of the leading players.  Leading West European film extruders have become increasingly active in Central and Eastern Europe due to lower production costs and in most cases their investments represent the leading players in their respective country.  They include Sphere and Papier Mettler in the Czech Republic; Nordenia International in Hungary; Bischof & Klein, Nordfolien, CeDo and Maillis in Poland; Hipac and Maillis in Romania; Norfolier in Estonia.

Private equity investment also continues within the PE film sector, the most significant of these in the last six months is the merging together of the various flexible packaging interests of Sun European Partners, the European affiliate of Sun Capital Partners which has completed more than 14 acquisitions in the European packaging sector.Led by the Britton Group, this set of companies includes the two Veriplast Flexible plants in France (formerly known as Autobar); the Kobusch-Sengewald plants in Germany, acquied by Pregis; and Unterland in Langkampfen, Austria which was acquired from Mondi Group in August 2011.  Other private equity-owned groups include Nordenia International, Clondalkin and CeDo.

Despite these changes, overall the share of Europe"s top 50 companies has not changed significantly in recent years and they continue to account for around 60% of polyethylene film production.

 

PUBLICATION DETAILS:

FURTHER INFORMATION:

Title:

Corporate performance and ownership among polyethylene film extruders: A review of Europe"s 50 leading players

Name:

Tel:

Fax:

E-mail:

Sarah Phillips

+44 (0)117 924 9442

+44 (0)117 989 2128

sjp@amiplastics.com

Edition:

9th

 

 

Date:

2012

 

 

No. of pages:

132

 

 

Format:

A4 paperback

 

 

Price:

EUR 455.00  GBP 380.00   USD 590.00