Coperion sets up structural project to improve earnings situation
Due to the expected growth in demand for plastics particularly in Europe, the Middle East and Asia-Pacific in the future, the Board of Directors of Coperion Holding GmbH, Konstanz, has set up a project to re-evaluate all the Groups's worldwide production capacities and supply chain.
The aim of this project is to re-align the regional production capacities of the Group to meet customer demand, to improve customer service, to reduce operating assets and improve profitability; and to exploit intersite synergies and efficiencies. The project may involve additional investment at some sites and may also result in some redundancies.
Coperion will start implementing the strategic project straight away in order to swiftly reap the benefits in the current difficult market climate and also to profit from a subsequent upturn.
Since the creation of the Coperion Group in 2001 from the merger of the three well-known plant systems and solutions companies, Werner & Pfleiderer, Buss and Waeschle, Coperion, the Joint Venture between Georg Fischer, West Private Equity and Westdeutsche Landesbank und Girozentrale, has sucessfully established itself as a global leader in plant systems and solutions for the Plastics Industry.
Source: Georg Fischer AG