JCIF has acquired a significant minority stake in Horizon for Plastic Products, a leading manufacturer of plastic packaging solutions in Jordan and one of the first in the region to adopt dry offset printing technology. The investment in Horizon will help Horizon develop new product lines and technologies, expand existing facilities and foster vertical integration.
Significance of The Transaction:
JCIF’s investment in Horizon for Plastic Products underscores its commitment to advancing Jordan’s manufacturing sector through strategic partnerships. This transaction is set to strengthen Jordan’s export capacity, strengthen local manufacturing capabilities, and drive employment by creating new job opportunities within local communities. By facilitating Horizon’s expansion into advanced product lines and integrating cutting-edge technology, the investment enhances the company’s ability to meet rising regional demand for plastic packaging solutions across diverse industries. Moreover, this partnership aligns with JCIF’s objective to empower Jordanian businesses to compete on a regional scale, fostering economic resilience and innovation within the plastics industry.
