Cosmetic packaging supplier Albéa employs more than 10,000 people across 31 industrial sites in 13 countries in Europe, North America and Asia and has annual sales in excess of $1 billion.
The group has five core banks with global capabilities, but finance and treasury director Olivier Bouillaud admits that it is working with too many financial institutions (approximately 20 overall) and that its bank account structure could be simplified.
The longer-term target is to have two local banks and one international bank in every major geographical area in which the company operates.
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