Joint venture deal signed with Taba Group plastic bottle and closure manufacturer
Austria Austrian packaging firm Alpla has signed a partnership agreement with Taba Group, an Egypt-based plastic bottle and closure manufacturer, to form a joint venture.
This joint venture is expected to bolster Alpla’s market position in Africa and the Middle East, according to Foodbev.com.
Alpla will hold a majority stake in the joint venture (JV), which will be called AlplaTaba.
Further details of the deal have not been disclosed.
Established in 1988 in Egypt, Taba has two locations in El Obour, near Cairo. It manufactures plastic bottles and closures for international clients operating in the food and beverage segments, and has a presence in several markets of Africa and the Middle East.
Alpla has a facility in Johannesburg, South Africa.
In 2014, the company bought the location of Argo SA in El Obour, Egypt.
Alpla regional manager for Africa, the Middle East, and Turkey Christoph Riedlsperger was quoted by the website as saying, “This partnership is another promising step for Alpla to help us expand our market presence in Africa and the Middle East.
“Thanks to the regional locations, we will be able to offer further benefits to our customers in the future. This partnership is another promising step for Alpla to help us expand our market presence in Africa and the Middle East.”
