Klöckner Pentaplast Group (KP, Montabaur / Germany; www.kpfilms.com), Europe's largest producer of rigid PET films, has opened its new GBP 3m (EUR 3.4m) manufacturing line for polyester film in Wales. The facility, located at the company's site in Crumlin, will produce polyester films for food and consumer packaging applications, mostly intended for the fast-growing UK market.
Founded in Montabaur / Germany in 1965, Klöckner Pentaplast now has 19 factories in 11 countries. The business was bought by asset management and financial services company The Blackstone Group (New York / USA; www.blackstone.com) in 2007. Group sales are about USD 1.6 bn (EUR 1.1 bn).