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Greiner’s eastbound growth continues with Serbian molding JV
European packaging processor Greiner Packaging has continued its expansion into Eastern Europe, this time via a joint venture with Serbian molder Jovanovic Plast. Greiner, headquartered in Austria, has been adding to and enlarging its network throughout Eastern Europe, as reported recently here. In its latest move, the company has acquired a 51% stake in Jovanovic Plast.
MPW Staff
January 27, 2010
1 Min Read
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. In its latest move, the company has acquired a 51% stake in Jovanovic Plast. The molder, re-named Greiner Packaging JP, and its staff of 95 are based in Nova Pazova, about 30 kilometres (18 miles) from Belgrade.
Greiner's processing park includes injection molding, extrusion, thermoforming, and blowmolding equipment. With Jovanovic it has bought the majority share in a specialist for processing of packaging and consumer goods. Greiner highlighted the molder's inmold labelling experience; the Serbian company manufactures its molds, too.
Jovanovic Plast was founded by Milun Jovanovic in 1978 and serves customers throughout Hungary, Bulgaria, Ukraine, and all of the former Yugoslav republics. Milun Jovanovic's son, Goran Jovanovic, is running the new joint venture. —[email protected]
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