Czech-based OTK group says that it plans to triple the turnover of its Romanian operations within the next five years.
The company recently entered the Romanian market by acquiring the flexible packaging division of Tiger Somes. OTK now plans an initial investment of €5 million ($6.8 million) to develop Tiger Somes production facilities. OTK general manager Petr Ryska has acknowledged that it will be necessary to invest in new technologies in the next few years to keep pace with flexible packaging developments. Alongside the Romanian facility, OTK owns three plants in the Czech Republic and is planning a joint-venture in Russia. (Plastics in Packaging. UK)