Page 30 · Business & Finance

IPAK’s expansion

INTERNATIONAL Packaging Films Limited, a manufacturer of flexible packaging films, has announced plans to expand into Europe by establishing a wholly owned subsidiary in Portugal, according to a press release.

The proposed subsidiary will be incorporated by IPAK Connect Packaging Materials Trading FZCO, the group’s wholly owned subsidiary based in Dubai.

Following incorporation, the Portuguese entity will become part of the IPAK Group and will serve as its commercial platform within the European Union.

This expansion marks a key milestone in IPAK Group’s international growth strategy. By establishing a subsidiary in Portugal, the group strengthens its position within the European Union and brings operations closer to existing and prospective customers across the region. •