Perlen Packaging

Perlen, 25 August 2020 - According to current forecasts, the pharmaceuticals markets of Latin America will see annual growth of 6 to 9 percent between now and 2024. Brazil alone, with its population of over 200 million, is the world's sixth-biggest pharmaceuticals market. The CPH Group's Packaging Division has been active in Latin America for more than 20 years. In 2018, the division acquired a 60% holding in the Sekoya company of Brazil which now trades as Perlen Packaging Anápolis and operates a blister film cutting and logistics centre with 20 employees. The division's sales in Latin America have seen double-digit-percent annual growth since the acquisition. To further develop its activities in Latin America, the Packaging Division is now set to expand its Brazilian production facilities. An investment in the higher single-digit millions will provide a new PVdC film coating plant with a capacity of 6,500 tonnes a year which should commence its operations in the first quarter of 2022. Perlen Packaging is also supporting its Brazilian business partner by providing a loan for the construction of a new mono PVC film manufacturing facility at the Anápolis site. Parallel to this, the division will acquire the remaining 40% of Perlen Packaging Anápolis shares.