Innovia to invest $70 Million in New Films Capacity in Germany

Specifications:

Name:

Innovia to invest $70 Million in New Films Capacity in Germany

Location:

Germany

Company:

Innovia Films

Estimated Cost:

$70 Million

Source:

https://innoviafilms.com/

Introduction:

CCL Industries Inc., a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers,  announces plans for a significant expansion at its Innovia business unit near Leipzig in Germany.

Features:

A new 8 metre wide multi-layer co-extrusion line will produce highly engineered thin gauge label films to support growing, sustainabilitydriven demand for lower resin content materials.

The new technology is unique for label films, with 36,000 tons of annual capacity designed for best-in-class energy efficiency. Production will commence in the second half of 2024 with most of the capital deployed across 2023 and 2024.