Packaging company looks to grow its business in Russian market.
Sonoco Alcore, a subsidiary of the South Carolina-based packaging firm Sonoco, has opened a plant in Schekino, Tula, Russia. The plant is the third and largest manufacturing plant for Sonoco in Russia. Sonoco Alcore says the move will serve to consolidate its presence in Russia, one of the fastest growing European markets for industrial paper cores and tubes.
According to Sonoco, the $4 million facility will more than double Sonoco Alcore’s annual production capacity in Russia to about 17,000 metric tons. The facility also will allow Sonoco Alcore to extend its capabilities into new markets, specifically the film, metal and textile industries.
Sonoco says that the new site links directly to Sonoco Alcore’s technology center in Finland, which is able to optimize cores for any applications. The new plant will use 100 percent recycled fiber, recyclable glue and alcohol-based inks and all products are recyclable at end of life.
In a press release, Karsten Kemmerling, Sonoco Alcore’s sales director, says, “The Russian tube and core market is estimated to be around 100,000 metric tons per year, with 4 percent year-on-year growth, which represents a huge opportunity for us. In 2013, we managed to increase our existing share by 50 percent on the previous year – and we plan to grow this to a market-leading position of 30 percent by 2016.”
“The new facility gives us the capacity and breadth of offering, in the ideal geographic location to help us meet this challenge,” Kemmerling adds. “As part of our growth strategy, we are aligning our manufacturing footprint with our customers’ needs across Europe and the Middle East. As one of the fastest growing markets in Europe, Russia is central to our planned development in the region.”