The Klöckner Pentaplast Group (kp) has continued on its growth track in the financial year 2012/2013 ending September 30, 2013.
Net sales increased by 2% from €1,167 million ($1,597.22 million) to €1,191 million.
Klöckner Pentaplast’s strong performance in FY 2013 is primarily attributable to its strategy for profitable growth.
Since 2011, the company has launched a number of initiatives to develop kp along the three pillars “grow the core, extend the reach, expand the breadth.”
A broad set of initiatives is underway to continuously enhance the company’s operational excellence; to strengthen its market leadership position; and to innovate with and for its customers.
The company aims to deliver superior customer value and provide additional services to best respond to customers’ needs.
Its growth strategy has been backed by major investments in growing and attractive markets resulting in a capital expense increase of 6% to €41 million.
The company invested in its facilities in Cotia, Brazil; Crumlin, Great Britain; Santo Tirso, Portugal; and Villa Del Totoral, Argentina.
In July 2013, the company opened its first production site in China (Suzhou), producing packaging films for the growing domestic Chinese and Asian markets.
The expansion of its global platform resulted in the total number of employees rising to 3,102 (PY 3,032).