RENOLIT HELLAS
Sale to Athenian textile company
The textile manufacturer E. Mouzakis SA (Athens) has acquired the plant and equipment of the converter Renolit Hellas AG (4, Proodou Str, GR-Aegaleo-Athens), Greek subsidiary of Renolit Werke GmbH (PO Box 1940, D-67509 Worms). Renolit Hellas, founded in 1964 with 150 employees, has lost money consistently since 1990, and was highly indebted. The company produces 8,000 t PVC film per year for food, pharmaceutical and industrial packaging as well as other plastic articles. The majority of its production is exported, mostly to England, Italy, Cyprus, Iran, Syria, Kuweit and Jordan.
15.05.1994 Plasteurope.com [21428]
Published on 15.05.1994