Packaging

Nova Roll and Pliant Announce Russian Joint Venture

Monday 14. July 2008 - Pliant Corporation and Nova Roll announced their intent to form a Joint Venture to produce world-class film and packaging solutions.

This business will be headquartered in Moscow, Russia and will produce the following value-added films:

PVC film
Machine grade stretch film
Hand wrap stretch film
Printed shrink bundling film
Food sealant film
Barrier film
Products will be sold in Russia and CIS countries through Pack and Service, and in the rest of Europe through Pliant GmbH.

Vjacheslav Astashin, President and CEO of Nova Roll said, “Our businesses continue to grow rapidly in Russia and the CIS. Partnering with Pliant, a global packaging leader, further accelerates our business plans and expands our product portfolio. Both Pliant and Nova Roll have begun the implementation of this Joint Venture in Moscow and have created the working group.”

Harold Bevis, President and CEO of Pliant said, “The combination of our technologies and manufacturing know-how with the prestige and local commercial relationships of Nova Roll will allow us to become a market leader for these products in Russia, CIS and surrounding countries. This announcement is the culmination of several years of relationship building and market development. The Russian market for packaging is large and growing and our mutual goal is market leadership. We are proud to be aligned with the Nova Roll team.”