Tuesday, February 26, 2019 1:15 pm
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TURKEY (From news reports) -- Saica Group has reached an agreement with the group Norm Ambalaj to acquire its plant in Sakarya, Turkey.
The acquisition would provide an increase of 75 million square metres in Saica´s corrugated board capacity while increasing its product footprint and product range for the Turkish market. Saica and Norm Ambalaj will continue their collaboration following this partnership agreement.
With the agreement, Saica takes a step forward in its business growth strategy, allowing the group an improvement in its service capacity and an increase in its supply for its customers in Turkey. The deal is still subject to approval by the Turkish anti-trust authorities.
In 2014, Saica entered the Turkish market and since then, the group has made several investment projects to further develop its infrastructures and machinery in the country. The latest investment was the one made in a new corrugator machine in 2017.
"This operation is an opportunity to increase Saica´s value proposition of sustainable packaging solutions in the Turkish market. It will also optimize material and logistics costs for our customers while reducing Saica´s environmental impact", said Pascal Giraud, general manager, Saica Pack, a division of Saica Group.
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