Manufacturing News

Australian steel drum manufacturer put up for sale

 

Australia’s manufacturing industry remains in decline as a high Australian dollar and uncertain markets conditions in Europe and the US push out local manufacturers.

And news that Australian steel drum manufacturer HP Steel has been put up for sale by receivers after its parent company was placed into receivership in December 2011 potentially signals another gloomy year for local manufacturing.

Part of HP Industries, HP Steel manufactures steel drums for the industrial, chemical and food industries. HP Industries is one of the largest plastic packaging and steel drum manufacturers in Australia and New Zealand.

HP Industries was formed following the consolidation of three packaging groups, Hollywood Plastics, Amcor PET and Greif Australia. HP Industries group of companies manufacture products from HDPE, LDPE, PVC, Polypropylene and, PET plastics, as well as steel for industrial, chemical and food, medical supplies, pharmaceutical and automotive industries.

Hollywood Plastics, now the Plastics Division of HP Industries, is an Australian company with manufactures rigid plastic packaging, for food and beverages, cosmetics and personal care, household products and industrial products. HP Plastics has two manufacturing facilities at Minto in NSW and Dandenong in Victoria.

In 2006, HP Industries acquired Amcor’s PET business, which has manufacturing facilities at Sefton in NSW, West Footscray in Victoria and Albany (near Auckland) in New Zealand.  (PET is the polymer resin used for the clear and tinted packaging for food). The business now trades as HP PET.

Greif’s Australian steel and plastics packaging business was acquired in late 2007 and renamed HP Steel. This business manufactures and markets medium and large steel drums and plastic cubes for the industrial and food markets. HP Steel has manufacturing facilities at Seven Hills in NSW, Eagle Farm in Queensland and Altona North in Victoria.

HP Plastics and HP Steel form the main components of the HP Industries business. HP Plastics has already been sold.

Image: HP Industries

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