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December 8, 2020

Tjoapack to expand Netherlands packaging and supply chain facility

Pharmaceutical packaging Company Tjoapack has unveiled plan to invest more than €10m into its packaging and supply chain facility in Etten-Leur, Netherlands.

Pharmaceutical packaging Company Tjoapack has unveiled plan to invest more than €10m into its packaging and supply chain facility in Etten-Leur, Netherlands.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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The investment, which will be made over the next two years, will increase the capacity of the Etten-Leur facility from 8,400m² to 11,500m².

The investment is expected to double the production capacity of primary packaging for oral solids with eight new production lines.

This will increase the company’s production to more than four billion tablets per year.

Tjoapack CEO Dexter Tjoa said: “This latest investment is driven by growing industry demand for our high-quality services and is the latest stage in our ambitious growth plans. The expansion will not only increase our capacity but also bolster our supply chain and logistics services.

“Our strategic location in the Breda area, Netherlands allows us to act as a gateway to Europe for many of our clients and investing in our logistics capabilities is a natural next step in our journey.”

Additionally, Tjoapack plans to invest in its warehousing and cold chain capabilities to address the growing demand for added value logistics services.

As part of this expansion, Tjoapack will strengthen its team with more than 100 new employees.

“We’re confident this two-year expansion plan will allow us to ensure we can continue to react fast and flexibly to the needs of our customers, as well as cater for larger, diverse and more complex projects.” Dexter Tjoa added.

The investment came two months after the company announced investment in its automated packaging capabilities in response to the increasing demand for pre-filled syringes and vials.

Tjoapack is contract packaging organisation (CPO) focusing in primary packaging for solid dosage forms, secondary packaging and unit dose packaging.

It serves clients across five continents and 42 countries.

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Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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