Thong Guan acquires a stake in Fijaplast

The operation boosts Fijaplast's European expansion and positions Granada as a strategic location for innovation and the supply of high-performance stretch film.

The objective of this alliance is to accelerate the growth of both companies, especially in the Spanish market, where Fijaplast will significantly strengthen its position. Furthermore, this new phase will allow the company to expand its international reach, with Europe as a priority, leveraging a differentiated value proposition based on high-performance stretch film products and advanced solutions for optimizing end-of-line processes. This strategic integration strengthens industrial capacity, reach, and competitiveness in an increasingly demanding market, enabling the company to offer a comprehensive range of load stability solutions for freight transport. The alliance also includes the creation of the largest stretch film logistics center in Andalusia—specifically in the province of Granada—from which Southern Europe will be supplied. This strategic location will become a key hub for distribution, innovation, and the development of packaging solutions. Within this context lies the creation of the Newton Europe Center, a leading center focused on the analysis, control, and improvement of palletized load stability. The Newton Center will offer national and international companies advanced services in film consumption control, load stability studies, optimization of tertiary packaging processes, and technical validation of solutions, combining technology, applied knowledge, and continuous innovation. TG (Thong Guan) is one of the world's leading manufacturers of stretch film and the global leader in technical films with nanotechnology, with a strong focus on innovation, production efficiency, and the development of high-performance materials. Its investment in Fijaplast strengthens the transfer of industrial and technological knowledge, consolidating a joint, high-value-added offering for the European and international markets.