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Ukrplastic signs a memorandum with the Dow Chemical Company

09.06.2015 | kyivweekly.com.ua

Irina Mirochnik, the Chairman of the Board of Ukrplastic, and Grant Fisher, the regional director of special plastic packaging and the European branch of the world´s largest chemical company Dow Chemical, have signed a Memorandum of Intent to strengthen their long-term partnership. The implementation of the agreement will enable companies to significantly increase the supply of products to ensure the stable development of the latest technologies and to increase market share in the segment of flexible packaging materials.

The two sides held a meeting at which they discussed their expectations of cooperation. According to Grant Fisher, the global plastic packaging market is growing faster than GDP, by about 4% a year, so in order to increase production a company should invest in new high-tech production facilities. "We are at the final stage of construction of the Sadar plant, which will be the world´s largest integrated chemical enterprise constructed in one phase. This advanced system ensures efficient delivery of substantial quantities of products to our customers. Ukrplastic is one of our key partners in Eastern Europe, and we are looking forward to good results, " stressed Grant Fisher.

While discussing the prospects of expanding the company´s share in the European market, Irina Mirochnik praised her companys partnership with Dow Chemical, and highlighted that their relationship has positively affected the strategic growth of domestic business in the European market and the economic development of the entire region. "We are bound not only to a mutually beneficial business relationship, but we also share the principles of social responsibility, values and a common vision fortomorrow. We are interested in deepening our partnership with Dow Chemical and we plan to carry out a number of interesting joint projects, " summarized Irina Mirochnik.

Both parties emphasized that the implementation of the basic provisions of the Memorandum are set to begin shortly and the initial results will be announced at the end of this year.

Reference: Ukrplastic is Eastern Europes largest manufacturer of flexible packaging materials for the food, tobacco, pharmaceutical and other industries. Ukrplastic is included in the top 20 European companies of this profile. The company was founded in 1927. Ukrplastic supplies flexible packaging materials and packaging companies in Russia, Ukraine and other CIS countries, Central and Eastern Europe, North and South Africa.

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