POINTERS
Greiner / Portola jv planned for 1999
Two leading companies in beverage packaging, Greiner Verpackungen (A-4550 Kremsmünster) and Portola Packaging Inc (San Jose, California / USA) will start a 50:50 joint venture, Cap Snap Europe GmbH, on 1 January 1999 to supply Europe and the Middle East. Greiner regards itself as European leader in refillable plastic water bottles, while Portola claims world market leadership in closures for 5-gallon containers. The new company expects sales of more than DEM 7m in 1999.
31.12.1998 Plasteurope.com [18265]
Published on 31.12.1998