Arrow Coated Products Ltd (ACPL), a manufacturer of biodegradable water-soluble film and security thread, has acquired a factory premise in UK to give a boost to its European business. “Arrow Coated Products (UK) Ltd, a fully owned subsidiary of ACPL, is pleased to announce that the purchase of a factory premises, warehouse and office in Scunthorpe, North Lincolnshire, UK, has been completed and will be functioning during the forthcoming quarter," said ACPL in a BSE filing on January 7, 2016.
The facility, along with investment in on-site storage and slitting of master rolls, will complement Arrow Coated Products’ developing revenue from its patent portfolio and enable ACPL to offer an improved service to European customers, thereby reinforcing it rapidly growing business of Hydromeltz water-soluble films and other products.
“This purchase is an integral part of our strategy to manufacture Jumbo rolls of water-soluble films in India, and convert and customise to European needs within the region in order to be able to compete locally with our international competitors by offering similar levels of customer service," said Arrow Coated Products in a press release.
