Investors in Iceland are showing increasing interest in Turkey’s blossoming economy, according to Packaging Europe. In particular, foreign investors – prime among them a firm from Iceland – have shown interest in the quality of packaging coming from Turkey.
Plastprent Group, the largest manufacturer of flexible plastic packaging material in Iceland, recently sent a group of executive managers to Turkey. Last week the group visited the country in order to investigate the possibility of business partnerships and potential areas of investment.
Olafur Steinarsson, Plastprent Group’s CEO, was part of the visit and was vocal in expressing his admiration for what he observed. “It has been a very efficient trip,” he said. “I am amazed by the quality of production in the enterprises we have visited, even in the smallest ones.”
According to Steinarsson, Iceland’s small population, and thus its small market, make foreign investment a crucial element to any local business with ambitions. “In 2003, we acquired Unifleks SIA in Latvia and we added Gerove JSC in Lithuania in 2005. With its young population and strong economy, Turkey offers very good opportunities for foreign investors,” he said.
Plastprent was started in 2003 and has worked hard to become the largest company in the industry in Iceland. The company offers extrusion, printing and conversion of a wide range of plastic packaging in both the food and non-food industry.