Elopak AS - Company Profile
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Elopak AS (Elopak), a subsidiary of FERD AS is a liquid food product packaging company. It develops, manufactures, and sells carton-based packaging solutions for non-carbonated liquid food products. The company offers caps, closures, paperboard, trays, rolls, and filling machines. It also offers various services such as materials handling and secondary packaging solutions, printing, technical services, and maintenance. The company markets its products under the brand names Pure-Pak, Elo-Cap, Pure-Twist and D-Pak. Elopak also offers filling machines for efficient filling of extended shelf life (ESL) and aseptic liquid food products. The company operates through a network of market units and associates in various countries. Elopak is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Karenslyst Alle 53, Oslo, 0279
Website
www.elopak.com
Telephone
47 31 271000
No of Employees
2,000
Industry
Paper and Packaging
Ticker Symbol & Exchange
ELO (OSL)
Revenue (2021)
$1.1B
19.7%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
-67.9%
(2021 vs 2020)
Market Cap*
$847.5M
Net Profit Margin (2021)
XYZ
-73.2%
(2021 vs 2020)
* As of and is in US$
Elopak AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Trays | Printing | Pure-Pak |
| Cartons | Technical Services and Maintenance | Elo-Cap |
| Caps and Closures | Automatic Handling Systems and Logistics Solutions | Pure-TwistFlip |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In December, the company announced its plans to open its production plant in Arkansas, the US. |
| 2022 | Corporate Changes/Expansions | In November, the company launched its fully automated high-bay warehouse in Terneuzen, Netherlands. |
| 2022 | Contracts/Agreements | In July, the company entered into an agreement to sell its JSC Elopak to local management. |
Competitor Comparison
| Key Parameters | Elopak AS | Tetra Pak International SA | Nippon Paper Industries Co Ltd | Weyerhaeuser Co | Pactiv Evergreen Inc |
|---|---|---|---|---|---|
| Headquarters | Norway | Switzerland | Japan | United States of America | United States of America |
| City | Oslo | Lausanne | Chiyoda-Ku | Seattle | Lake Forest |
| State/Province | - | Waadt | Tokyo | Washington | Illinois |
| No. of Employees | 2,000 | 23,733 | 15,959 | 9,318 | 15,000 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dag Mejdell | Chairman | Executive Board | 2023 | - |
| Thomas Kormendi | Chief Executive Officer; President | Senior Management | 2018 | - |
| Bent K. Axelsen | Chief Financial Officer | Senior Management | 2019 | - |
| Wolfgang Buchkremer | Chief Technology Officer | Senior Management | 2018 | - |
| Patrick Verhelst | Chief Marketing Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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