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| 2015-11-30, 15:25 |
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Alpla: New production site in Egypt - Acquisition of Cairo branch from Argo S.A.
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Alpla Holding GmbH will take over the Egyptian production site of Argo S.A. at the end of 2015. In doing so, the Austrian-based specialist in plastic packaging will expand its market position in Africa. Alpla opened its first site on the African continent in 2014 in Johannesburg. Around 50 people are employed at the site in South Africa, mainly involved in producing packaging for home care and cosmetic items. Advert Argo S.A., founded in 1970 and based in Athens, has branches in Greece, Romania and, since 2011, in Egypt. The Alpla Group will take over the production site in Cairo at the end of December 2015. The contracting parties have agreed not to disclose the purchase price.
The site is located around 30 kilometres north-east of central Cairo, in the industrial area of El Obour. Around 50 employees are currently working here. More information: www.alpla.com |
ALPLA Werke Alwin Lehner GmbH & Co KG, Hard, Austria
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