Investment at Trioplast

Trioplast AB – a leader in polyethylene films and laminates for barrier films in the hygiene industry, including the Triogreen bioethylene-based range – is to invest around SEK 250 million (€29 million) over the next two years in new production equipment and automation.

But the company will now concentrate all of it manufacturing operations at just one of its two production units in Smålandsstenar, Sweden, with the loss of 90 current employees.

“Our goal is to be the most efficient manufacturer of polyethylene film in Europe and establish a long-term platform for profitable growth for the company,” said MD Per Holtstrand. “This will be achieved by investing in new machinery, automation and new products that are more environmentally efficient and cost-effective for the customer."

“Growth will be achieved through more offensive investment,” added CEO Martin Peterson. “It is regrettable that employees will lose their jobs but with just one plant, there will be greater focus, allowing us to make better use of resources.”

The employees have been informed about the change and the 90 affected employees issued with redundancy notices. Around 30 new jobs will also be created.

Trioplast AB currently has annual revenue of approximately SEK 1,700 million and around 320 employees.

It is part of the Trioplast Group, a Swedish industrial concern that develops, manufactures and markets packaging materials and hygiene films. The main raw material is polyethylene. The Group, which has its registered office in Smålandsstenar, has annual revenue of approximately SEK 4,400 million and around 1,250 employees.

Polyethylene films and laminates are used as barrier films in the hygiene industry for products such as baby diapers, incontinence protection and surgical pads. Both breathable and non-breathable materials can be used.
For many years now Trioplast has been one of Europe’s leading suppliers.

Due to growing demand, the pressure to develop even thinner material in combination with the reprocessing of surface film applications, such as backing material with advanced printing, is also increasing, the company reports.