German thermoplastic film maker acquires Russian partner to meet rising East European demand

15-Dec-08
RENOLIT AG, a German thermoplastic films and products manufacturing company with an international presence, has acquired its long-time Russian trading partner OOO RENOLIT in Moscow owing to the rising East European demand for plastics products. The company is now trading under the name of OOO RENOLIT-Rus and located in Moscow. "In view of the booming construction industry modern building materials and adequate component supplier products are in great demand", explains Michael Kundel, Chief Executive Officer of RENOLIT AG. In the states of the former Russian Federation, the group claims to be the market leader for high-quality plastic films and products for the sector of building materials and intends to sustainably strengthen this position.
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