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2005-10-02 Polimoon Plastics Products Buy and Build Strategy Seattle, WA, USA--(Jobwerx News)--Polimoon, plastics products manufacturer
for the packaging industry, wins the Estonian Entrepreneurship award Exporter
2005.
Polimoon plastics products, developer and manufacturer of a wide range
of packaging products within the consumer, chemical and medical industries,
has winning criteria for ability to create new employment opportunities,
profitability, market and quality management levels and growth in export
sales. In addition the Group has some production of customised products
to other industries, such as the marine and leisure industry. As part of Polimoon's strategy to acquire and develop new companies
in the group, the factory in Estonia, Rõngu was taken over in 2002. The
factory showed improvement potential and would provide a foothold in the
Eastern European market. Today the unit is a profitable business with highly skilled and motivated
people supplying quality products across Europe. Polimoon has increased
the number of employees by more than 100 percent. Sales are more than
three times the level when Polimoon took over and profitability (EBITDA)
has improved from 16.6 percent to 19.2 percent since the acquisition in
2002. Polimoon has approximately 2000 employees with 450 employed in Norway,
where also head office is located. Examples of products include bottles
for sauces, shampoos, disinfectants, deodorants, canisters for hazardous
chemicals, IV bags for medical care, and airbag covers for passenger cars. E-mail this page to a friend
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