Coveris has plans to exit the resin resale operation that is currently operating within the company’s European food and consumer business unit.
Coveris says it will continue to honor all existing contracts while operations of the resin trade taper off through the end of 2014.
It says ending the non-core resin trade is consistent with the strategy of focusing on high valued-added products and innovative solutions.
“We have made tremendous strides in the last year under the Coveris banner and exiting the resin trade allows the European Union’s food and consumer business to marshal more resources to our core, high-value-added products and customers,” said Stefan Gutheil, president European food and consumer.
