Mar 18, 2014. /Lesprom Network/. AR Packaging Group announced that the divestment actions have been cancelled and that the shareholders of the company have decided to continue and further develop the business. In this context now decisions and measures have been taken to invest up to Euro 30 million in year 2014, as the company said in the press release received by Lesprom Network.

The investments will cover all relevant parts to support the going forward in correlation with the chosen strategy of the company. Focus will be the expansion of the company as well as efficiency increases in the plants. The investments will be finalized out of the operational cash flow.

The operations of AR Packaging consist of Branded Products, Specialties and Food packaging business.

“This largest investment program ever will allow us to set up milestones in the development of our company. This will give us the possibility to accelerate and continue the actions around our successful strategy of the last years,” says Harald Schulz, President and CEO of AR Packaging Group AB.

AR Packaging Group is one of Europe’s leading companies in the packaging sector with a turnover of some Euro 414 million and 1,600 employees in 14 factories in 7 countries.