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 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," Grant Fisher stressed.
While discussing the prospects of expanding the
company's share in the European market, Irina Mirochnik praised her company's
partnership with Dow Chemical, and highlighted that their relationship has
positively influenced 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 for tomorrow. We are interested in
deepening our partnership with Dow Chemical and we plan to carry out a number
of interesting joint projects," Irina Mirochnik summarized.
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 Europe's largest
manufacturer of flexible packaging materials for 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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