HCP Packaging investigates setting up industrial presence in Europe
A turnover of $240m expected this year, up by more than 10% over last year
A turnover of $240m expected this year for packaging firm HCP, up by more than 10% over last year, has prompted an industrial presence scheduled for mid 2015 in Eastern Europe, says CEO Eddy Wu.
"Thanks to the support of our financial sponsor, TPG Capital, who is stating our common ambition to continue to work towards positioning HCP Packaging as a leading world player in the beauty packaging industry, we are looking forward to strengthening our presence in the coming months. If in China we continue to invest in terms of volumes and quality, for example with our plastic injection capacity, our production capacity of moulds (+30% next year) and in metallisation/varnishing, the goal for the USA and Mexico is not necessarily to increase our capacity; what matters most in this region is our reactivity to customer requirements and the industrial proximity we offer the whole North American continent. This is also what will drive us to establish ourselves industrially in Eastern Europe. An operation which is scheduled for now and, according to our plans, for next year. Commercially, the parts of the world HCP favour most are the United States, Europe and China, but other areas where our expertise and the quality of our productions are increasingly becoming recognised, such as, surprisingly, Japan (The Kose group has awarded us for the second consecutive year a prize for the excellence in our work). Brazil is obviously a country we are watching closely too.”
