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May 1, 2009
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Send to KindleExopack and INDEVCO sign joint venture agreement
Exopack has signed a joint venture agreement with Lebanon-based INDEVCO to manufacture co-extruded polyethylene film in the Middle East,
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Initially, this joint venture will include the installation of film
production equipment in INDEVCO’s Masterpak sal flexible packaging
facility in Zouk Mosbeh, Lebanon. The film will be distributed by
Exopack as part of the company’s family of film products.
Exopack and INDEVCO have shared a long-term relationship through Exopack’s Global Packaging Linx (GPL) group. These two companies share common competencies in film production and flexible packaging manufacture to support customers from a global sourcing and innovation perspective. This joint venture represents the strengthening of this relationship and brings the first cost-effective films from the Middle East to customers in North America. This joint venture is the initial phase of a longer-term strategy to continue to build multiple film production sites in the Middle East.
Exopack and INDEVCO have shared a long-term relationship through Exopack’s Global Packaging Linx (GPL) group. These two companies share common competencies in film production and flexible packaging manufacture to support customers from a global sourcing and innovation perspective. This joint venture represents the strengthening of this relationship and brings the first cost-effective films from the Middle East to customers in North America. This joint venture is the initial phase of a longer-term strategy to continue to build multiple film production sites in the Middle East.
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