Quadpack Industries SA

Regulatory Filings • Mar 29, 2022

For immediate release 29 March 2022

Investment at its German plant will establish new decoration hub and increase production capacity

International beauty packaging manufacturer and provider Quadpack is investing over €6 million at its German manufacturing facilities in Kierspe, to meet increased market demand. The investment will go towards the creation of a decoration centre and the expansion of its injection-moulding and assembly capacity. Already a reference in thick-walled PET injection, Quadpack aims to become an industry standard for sustainable manufacture and decoration.

Skincare is predicted to grow 10% in 2022, amid signs of optimism across the industry. Market studies indicate growth potential in 'clean beauty' skincare and haircare, and business segments like dermocosmetics. Quadpack's Kierspe plant is being expanded to meet increased demand, in particular for airless packaging, while bringing decoration services in-house to accelerate time to market. 2022 sales from the plant are expected to increase in line with 2021, which was up 25% over the previous year.

The investment is dedicated to staff expansion, new moulds, and injection machines and assembly equipment optimised through Industry 4.0. A manufacturing enterprise system (MES) is being installed to improve lead times, efficiency and supply chain agility, while gaining greater control of manufacturing operations. The MES will connect to SAP S4/HANA Cloud in 2023 as part of the company's digital transformation.

Once complete, production capacity will grow across all popular product categories, with airless capacity receiving the biggest boost.

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With the acquisition of decoration specialist Stefan Wicklein Kunststoffveredelung GmbH in Steinbach am Wald in 2021, Quadpack will be able to offer specialist decoration services and know-how at both the Steinbach and Kierspe plants, where a 900m2 facility will be dedicated to decoration.

To ensure sustainable production, Quadpack's manufacturing facilities run on 100% renewable energy and operate a continuous programme to reduce waste. The Kierspe plant holds an EcoVadis Silver Medal and is ISCC-certified. SAN and SMMA production is being gradually shifted to PET and rPET for greater recyclability. Quadpack is also testing different decoration techniques and working with ink, varnish and foil suppliers to research more sustainable materials.

"Our Kierspe plant is already a centre of expertise for PET injection to meet our sustainability goals. Now, we can add decoration expertise, cutting down on transportation, improving Scope 3 CO2 emissions and speeding up lead times," said Quadpack COO Fabrice Revert. "As the market recovers and environmental consciousness grows, there is greater demand for our 'Made in Europe' solutions. Our investment in Germany brings production closer to home for the majority of our client base. Our goal is always to improve our service to customers, while ensuring a positive impact on the planet."

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About Quadpack

Established in 2003, Quadpack is an international manufacturer and provider of enhanced packaging solutions for beauty brand owners and contract fillers. With offices and production facilities in Europe, the Americas and the Asia Pacific region, and a strategic network of manufacturing partners, Quadpack develops bespoke and customised packs for prestige, masstige and mass market customers. Listed on Euronext Growth in Paris, Quadpack relies on a workforce of 600 people to build a more sustainable world. Through its processes, products and people, it aims to have a positive impact on the planet and, through the Quadpack Foundation, on the communities in which it is present. For more information, please visit www.quadpack.com

Contact details

Mariam Khan Quadpack press office Summit Media Services mariam@summitmediaservices.com Tel: +34 93 265 4463

Legal notice

This document contains forward-looking statements about Quadpack's business, financial data, and events related to the company's prospects. These forecasts can be identified by the use of words such as 'estimated', 'plan', 'expectation' or words with a similar meaning. Quadpack may also make projections in other reports, presentations and press releases. Furthermore, the company's representatives may occasionally make forward-looking statements. These projections are based on current expectations and on certain hypotheses, many of which are beyond the company's control and subject to a series of risks and uncertainties. In the event that any of these risks or uncertainties should materialise or the underlying expectations are not fulfilled, the results or performance of Quadpack may differ (either positively or negatively) from those explicitly or implicitly forecast. Quadpack assumes no obligation to update or revise any forward-looking statements made previously.