Innovia Focussing on BOPP Films Business
Earlier this year Innovia Films Ltd, Wigton, Cumbria, UK, announced the sale of its cellulose films business. Now, three months later with the deal closed, Innovia is refocussing its strategy clearly upon building and strengthening its specialty biaxially oriented polypropylene (BOPP) films business. The company is concentrating its efforts into primary global core markets – high performance advanced polymer solutions for labels, packaging, tobacco, and security films. Internally, Innovia is restructuring to ensure that their BOPP focus is fully aligned throughout the business, people, service and systems.
Joe Piccione, Managing Director, Innovia Films states: “Separating a business that has grown over 80+ years is a challenge in itself. Achieving that in such a short time frame is commendable to all those involved in that process. We are exceptionally pleased with the outcome of this process for our cellulose film employees and customers.”
He continued “We have always been a specialty films business which represents over 80% of our sales. In addition to our unique and bespoke bubble extrusion process, one of our core strengths is surface engineering. Moving forward, we are well invested and will therefore be looking closely at how we can build upon our manufacturing capabilities and in maximizing our R&D and technical expertise. Having divested of our cellulose film business provides us clear focus on strategically growing our BOPP business.“
Innovia Films Ltd.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.