8 July 2011
Local BOPP Film Producer's Expansion Plans on Track
Following the recent announcement of its expansion plans, Fima - the leader in flexible packaging solutions in South Africa - has confirmed an order for an 8.7 metre Biaxially Oriented Polypropylene (BOPP) line, as well as an 8.7 metre Biaxially Oriented Polyethylene Terephthalate (BOPET) line with the Andritz Group, with a capacity to produce 31,000 and 25,000 tons respectively at its local plant in Chamdor.
With two lines that currently produce approximately 11,500 tons of BOPP film, Fima can currently serve only 30% of the local market consumption with locally produced film, with the balance of local demand met by imports.
"We are enthused that Fima's new line will become a reality sooner than was originally expected. Our ultimate goal is to be able to meet the demands of the South African market, as well as export to other parts of the continent," says Patrick Munyembate, CEO at Fima. "Through assistance from South Africa's major banks, we are in a position to gain the financial backing to pursue this project.
"We selected to partner with the Andritz Group, a global market leader for customised plants, systems and services, as they demonstrated the quickest turn-around time and committed to us exclusively for South Africa. The new 8.7 metre BOPP line is expected to be completed in June 2013 and the 8.7 metre BOPET line is scheduled for completion in 2015, and we are assured that Andritz will deliver within these timeframes. The Andritz Group has supplied turnkey projects and machinery to major paper and packaging groups such as Sappi Limited and Mondi Limited," adds Munyembate.
In conclusion, Caesar Molebatsi, part of the major shareholder grouping of Fima comments, "We are pleased to be involved in adding value to the economy of South Africa and grateful for the support from our local area mayors, who have offered us extra land and electricity. Through this initiative, we will contribute to job creation in South Africa and expanding the country's manufacturing base. We look forward to the local market's support to reduce the country's reliance on imports."
Fima is the only producer of BOPP products in South Africa and has exclusive rights to sell the products of its global partner, Treofan Group, in South Africa and southern Africa. In line with Fima's business growth strategy, the company aims to export film to the greater part of Africa and largely the West African market based on its expanded capacity.
1 March 2011
Fima Affirms its Local Commitment with a Proudly Local Fima Logo
Leaders in flexible packaging solutions in South Africa, has launched a proudly local logo to emphasise its commitment to the country.
For more than two decades, Fima was part of the Treofan group - a German based company and became independent in October 2009 when it became a locally owned company."Our proudly local Fima logo reflects the company's strategic direction to be a committed packaging solutions partner of choice. We want to be more than just a supplier, but to also offer a partnership in which we provide solutions and not only a commodity product to our customers locally and as we venture into the African markets," said Patrick Munyembate, Chief Executive Officer at Fima.In line with its business strategy, Fima is repositioning itself as a packaging solutions partner in Flexibles, Industrials, Machinery and Adhesive applications and a result, the acronym for its name. Fima's plant in Chamdor has been operating with two lines producing 12,000t of film at plate capacity and expects this to triple over the next three years once the third line is implemented.Munyembate emphasised that as a 100% BEE company, Fima's values and strategy need to be aligned with government's strategy. "With the launch of our proudly local Fima, we are showing that we are part of a greater community, which is our country and we rely on local support to ensure sustainability of the business, as well as the country's economic growth," said Munyembate.
1 February 2011
Local BOPP Film Producer Joins in the Fight against Unemployment
January 2011 - Johannesburg - In a bid to meet current plastic market demand, Fima, leaders in flexible packaging solutions in South Africa, has announced its expansion plans to ultimately produce 32,000t of film at plate capacity per annum. In addition, this will have a downstream effect of creating jobs.
Fima currently awaits final confirmation from the Department of Trade & Industry and Industrial Development Corporation on the proposed financial backing of this project.
"With this investment, we aim to produce a Plastics Campus in Chamdor offering an array of plastic products that include Biaxially Oriented Polypropylene (BOPP), Polyethylene terephthalate (PET) / Cast Polypropylene (CPP) and metalised films," said Patrick Munyembate, Chief Executive Officer at Fima.
Munyembate said that as a 100% BEE Company - Fima's values and strategy are in line with government's strategy to create jobs in South Africa and this capital injection will assist to address this need. "The plastics industry in our country is declining and job creation is a challenge. The DTI is working hard to revive this industry and with our plant expansion, we will realise this with approximately 110 job opportunities by 2012 and the industry as a whole is projected to create approximately 2,000 jobs.
According to Caesar Molebatsi, head of Empowa Investments, which owns majority shareholding at Fima, job creation and preservation is important in our country and through government's back up and support against imports, the company will have the ability and capacity to serve the growing local market without resorting to imports.
He added, "In order for businesses to survive in the plastics industry, Fima needs to expand and the plastics industry relies on local production as opposed to imports, as well as sustainability of jobs."
"It is imperative for the local market to support local production to ensure sustainability and growth of this industry."
Previously part of the Treofan group, Fima is the exclusive producer of BOPP products in South Africa and has exclusive rights to sell Treofan products in South Africa and southern Africa. In line with Fima's business growth strategy, the company aims to be exporting to the greater part of Africa and largely the West African market based on the new film line, which will increase capacity and ensure that the market needs are met.
More about Fima
Fima is South Africa's leader in flexible packaging solutions, developing innovative products for its customers and partners. Fima offers a range of clear, white, matt and metalised products for packaging, labeling, carton overwraps, as well as alternative packaging solutions such, industrial, machinery and adhesive services from its partners.
Fima is the exclusive producer of Biaxially Oriented Polypropylene (BOPP) in South Africa and has exclusive rights to sell Treofan Group's products in the country. In 2009, Fima gained financial control from Treofan Group, after being a part of Treofan for 25 years.
Today BOPP has become a popular packaging solution due to its wide variety of benefits, which include a unique combination of properties, such as stiffness, transparency, sealability, barrier and shine.
With Wendile Investment Solutions majority shareholding, Fima is a value added company in terms of Broad-Based Black Economic Empowerment, offering a range of packaging solutions to its customer-base throughout South Africa from its local manufacturing plant and head office in Chamdor, South Africa.