NEWS
Exxon starts Gulf PP plant
ExxonMobil has also started production of polypropylene (PP) at its new polyolefins plant at Baton Rouge in Louisiana, USA – increasing Gulf Coast PP production capacity by 450,000 tonnes/year. The company said the new capacity will help meet demand for high- performance, lightweight, durable plastics for end-use applications including medical and food packaging. “With the start-up of this
new production unit, we are well positioned to responsibly meet the growing global demand for these high-perfor- mance polymers,” said Karen McKee, president of ExxonMobil Product Solutions. �
www.exxonmobil.com
Huhtamaki sales and profits increase in 2022
Finnish packaging major Huhtamaki has reported a rise in both sales and profits in 2022, despite what the company called a “volatile environment”. Sales for 2022 rose by 25% to nearly €4.5 billion (US$4.9bn), while profitabil- ity (adjusted EBIT) was €395m (US$426m) – which was also 25% higher than in 2021.
In the final quarter of
2022, sales rose by 10% to just over of €1.1 billion (US$1.2bn), while profitabil- ity (adjusted EBIT) was €93m (US$100m) – which wasa a 14% increase compared to 2021. The company’s global food service business saw a gradual improvement over the course of the year, eventually reaching €1.1 billion (US$1.2bn) – a rise of 18%. This resulted in a 28%
Héaulmé: “Trading conditions are expected to remain relatively stable in 2023”
rise in profitability to around €106m (US$114m). While sales in flexible
packaging rose by 34% to reach around €1.6bn (US$1.7bn), profitability in the segment rose by 36% to around €105m (US$113m). Business in North America also improved – growing by 27% to reach
almost €1.5 billion (US$1.6bn). In addition, the company divested its Russia operations in September 2022. “Whilst demand re- mained solid overall, the pressure of inflation on consumers started to erode consumption growth across categories and geographies during the second half of the year,” said Charles Héaulmé, president and CEO of Huhtamaki. “Trading conditions are
expected to remain rela- tively stable in 2023, despite the continued volatility in the operating environment. Our diversified product portfolio provides resilience and our good financial position enables us to address profitable long- term growth opportunities,” he added. �
www.huhtamaki.com
Film production plant opens in Mexico
Portugal-based film producer Evertis has opened a new production plant in Monterrey, Mexico. Evertis has been present in Mexico for more than 20
Above: Film producer Evertis has opened a new production plant in Monterrey, Mexico
4 FILM & SHEET EXTRUSION | January/February 2023
years. It has now invested in a new manufacturing site there, which it says will enhance its position in Mexico – and growing presence in the USA and Canada. The Monterrey manufacturing facility will support growth in high barrier materials and – through the introduction of new products – find its way into new segments including medical and pharmaceutical packaging. The facility has an annual capacity of over 22,000 tonnes – which it plans to expand to 36,000 tonnes this year. The company operates facilities in Portugal, Brazil, Mexico and Italy and is part of the IMG Group – which includes sister company Selenis, a specialist in copolyester resins in high performance applications. �
www.evertis.com
www.filmandsheet.com
IMAGE: EVERTIS
IMAGE: HUHTAMAKI
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