Indian company buys Ineos Films

摘要

Pharmaceutical film specialist Bilcare Research has acquired the global film extrusion operations of chemicals supplier Ineos for EUR100 million. Ineos Films extrudes and calenders rigid PVC for use in pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards as well as processing of amorphous PET films. It employs 1,300 people in facilities in Germany, Italy, India and the US, and has the capacity to produce 140,000 tonnes/year. Last year, it had sales of EUR240 million.