Luxembourg has a strong track record in innovation in the industrial sector of plastics and materials, as showcased by the operations of three major players in the field.
For some five decades, American materials and services multinational Dupont de Nemours has had a presence in the Grand Duchy, with more than 1,200 employees producing polyester films, high-tech construction materials, medical packaging and industrial personal protection equipment. Beyond production, though, the plant is a critical regional research and development centre.
Luxpet, an injection moulding manufacturer founded in Luxembourg in 1998, produces polyethylene terephthalate (PET) for the beverage industry. It was acquired in 2005 by the global plastics wrapping leader Plastipak, which later based its European R&D centre in the Grand Duchy and boosted the facility’s production and recycling capacity.
Calling Luxembourg “the ideal place to start a business,” Euro Composites S.A., founded operations in the mid-1980s. Now spread to Germany, the UK, Spain and the US, the company has an annual turnover of €90 million, designing and producing composite parts, materials and tools for a variety of sectors, including aviation, space, railway, defence, shipbuilding, road transportation, mechanical engineering, and architecture.