AUGUST 2014 - Important News

HCP to investigate possibility in setting up industrial presence in Europe next year.

A turnover of 240 million dollars expected this year, up by more than 10% over last year has prompted an industrial presence scheduled for mid 2015 in Eastern Europe. Eddy Wu, CEO says;

“Thanks to the support of our financial sponsor, TPG Capital, who is stating our common ambition to continue to work towards positioning HCP Packaging as a leading world player in the beauty packaging industry, we are looking forward to strengthening our presence in the coming months.

If in China we are continuing to invest in terms of volumes and quality, like for example with our plastic injection capacity but also with our production capacity of moulds (+ 30% next year) and in metallisation/varnishing, the goal for the USA and Mexico is not necessarily to increase our capacity. What matters most in this region, is our reactivity to customer requirements and the industrial proximity we offer the whole North American continent. This is also what will drive us to establish ourselves industrially in Eastern Europe. An operation, which is scheduled for the time being and according to our plans, for next year.

Commercially, the parts of the world HCP favour most are the United States, Europe and China, but also other areas where finally ourexpertise and the quality of our productions are increasingly recognised, like for example and surprisingly, Japan (The Kose group has awarded us for the second consecutive year a prize for the excellence in our work). Brazil is obviously a country we are watching closely too.”