Exopack, INDEVO to jointly develop co-extruded PE films in Middle East

30-Apr-09

Exopack (USA), a leading manufacture of paper and plastic flexible packaging solutions, has inked a joint venture agreement with Lebanon-based packaging manufacturer INDEVCO Group to manufacture co-extruded polyethylene film in the Middle East. INDEVCO is the oldest and largest flexible packaging company in the Middle East and has a global production and distribution platform for its products and services, including nine manufacturing sites in North America. Initially, the joint venture will include the installation of film production equipment in INDEVCO's Masterpak sal flexible packaging facility in Zouk Mosbeh, Lebanon. This new extrusion capacity will be used for the manufacture of various coextruded film products for use in flexible packaging. 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 manufacturing to support customers from a global sourcing and innovation perspective. This joint venture will continue to build multiple film production sites in the Middle East and bring the cost-effective films from the Middle East to customers in North America. This will allow Exopack and INDEVCO to take advantage of the new polymer manufacturing capacity coming on stream in the Middle East in light of the increased economic advantage of ethylene production in this region of the world.