Photo by ERG
Following the launch of two new stretch film production lines, Poland’s injection moulder and packaging film manufacturer ERG capital group managed to raise its profit for the first quarter of this year by 80% compared with the same period a year earlier. The company says it is also planning to expand to new export markets.
ERG’s net profit for the first quarter of 2016 totalled PLN 1.89m (€430,000), and the company reported revenues of PLN 24.9m (€5.7m), the manufacturer said in a statement.
"For the first time in several quarters, ERG incrased its revenues by over 15% compared with the same period last year. Higher sales were generated both in the domestic market, up 12%, and in export sales, up about 50%," the statement said. "The increase in revenues and profitability are, above all, the result of the launch of two new production lines which make various types of stretch film in the first quarter of this year."
ERG’s products include PP and PVC adhesive tapes, PE and EVA packaging films, plastic bags, battery cases, bins and buckets.
Robert Groborz, the company’s chief executive, said: "in the forthcoming months, we will achieve a significant expansion of export sales by further Western European countries, including Italy.”
Under ERG’s development strategy, the manufacturer aims to raise its revenues from export sales to 20% by mid-2017.
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