Acquisition of majority stake in TT -print in Russia
Constantia Flexibles closes acquisition of majority stake in TT -print in Russia
Globally operating Austrian packaging producer Constantia Flexibles has completed its acquisition of a majority stake in the Russian group of companies TT. Now known as Constantia TT, the plant in Voskresensk mainly produces packaging for the pharmaceutical industry. This acquisition represents yet another measure aimed at strengthening the Constantia Flexibles Pharma Division’s guiding principle: Let’s Save Lives Today.
Constantia TT is the second plant of Constantia Flexibles in Russia, the first being Constantia Kuban located in Timashevsk. More than 100 employees at the new site play a major role in meeting the demand for flexible packaging in the pharma industry of Russia and its neighboring countries. The pharma product portfolio of Constantia TT comprises printed blister foil as well as sachet and coldform material. The company’s second business pillar consists of packaging materials for customers in the food and dairy industry.
Based on an initiative of Ruslan Chuev, founder of TT-print, the site recently finished construction and validation of cleanroom facilities to classification D of the Good Manufacturing Practice (GMP) standard at European Union level. To comply with this standard, all core working steps are carried out in a clean area under the conditions defined in the standard GOST R ISO 14644 ‘Clean rooms and associated controlled environments’. Process steps range from goods handling, slitting of raw materials, and printing on various packaging solutions for pharma products.
“By implementing this concept for Constantia TT, we have become pioneers in the Russian market. Together with the long-term experience in the field of flexible packaging, our dedication to clean and stable production conditions makes us the perfect partner to pharmaceutical producers in Russia as well as in Kazakhstan and Uzbekistan who aim to protect their life-saving products,” says Pierre-Henri Bruchon, Executive Vice President Pharma at Constantia Flexibles.
Ruslan Chuev: ”The reasons for TT-print’s growth the last 20 years has been the dedication and professionalism of the local team, our carefully selected suppliers as well as our commitment to stay ahead of industry standards and continually improve our technological solutions. The acquisition is just a logical step towards an equally successful future.”