Promens

Promens hf is an Icelandic holding company in the plastics industry. Main owners are the investment company Atorka Group and Landsbanki. The headquarters is located in Kópavogur. With about 5800 employees at 60 production sites, sales of about 910 million U.S. dollars (2006) is generated.

Promens is the world's largest supplier of rotational molding. In this business segment in 1600 employees at twenty locations in ten countries. In 2006, more than 34 million kg of plastic were processed in the value of 220 million U.S. dollars.

History

The company was founded in 1984 as Sæplast in Dalvik in northern Iceland. The first products were double-walled plastic containers for storing freshly caught fish. Later Boyen were added for safety nets. The company made this first experience with rotational molding.

Was first produced for the Icelandic fishing fleet, soon as its export success was starting to set. In 1993, a Sæplast conferred by the President of export price. In the same year the company was listed on the Icelandic Stock Exchange ICEX.

1999-2003 several foreign competitors were taken and founded its own production facilities, such as in Canada, Hong Kong, Spain, Norway and the Netherlands.

The Atorka Group took Sæplast 2004 and took the company private. In May 2005 Promens was founded as a holding company. While some divisions were under the direct Promens, others remained with Sæplast. In 2005 Bonar Plastics was acquired by Low and Bonar plc, which incorporated it twelve other plants in Europe and North America in Promens.

Locations

Promens operates production sites and offices worldwide.

Europe: Belgium, Denmark, Germany, Estonia, Finland, France, Iceland, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Czech Republic, UK

North America: Canada

Africa: Tunisia

Asia: China, Hong Kong, India, Philippines