We are delighted to share exciting news about a significant development within our company.
Building on the successful acquisition and integration of Kristafilms into the Oben family last year, a move that has notably enriched our operations and elevated the service we provide to our customers in Mexico and the US, we are thrilled to announce the launch of our plant expansion project in Mexico. This initiative involves the acquisition and installation of a state-of-the-art BOPP production line, boasting a capacity of over 70,000 metric tons per year. The installation is scheduled to take place over the course of the next year.
This strategic move is a testament to our commitment to improving our value proposition to our customers. The integration of this production line perfectly aligns with our vision to optimize efficiency, broaden our product portfolio, and strengthen our service to our customers.
The expanded capabilities in Mexico brought about by this project will not only allow us to meet the increasing demands of our valued customers but also position us as a leader in the industry. We believe that this investment will contribute significantly to our overall success and strengthen our position in the market.
We would like to express our gratitude for the continued support from our partners, stakeholders, and dedicated team members who have played a pivotal role in making this expansion project a reality.