Smurfit Kappa is continuing to grow its Latin American-based paper sacks business, announcing a $40 million investment across a number of facilities.
The investment will focus on modernising the group's production facilities in locations such as Colombia, Dominican Republic and Costa Rica.
Some $9.5 million of the investment is earmarked for a new Windmoller & Holscher paper sacks machine in Palmira, Colombia, which has increased the plant’s production capacity by an additional 100 million multi-ply paper sacks per year.
Smurfit Kappa is also investing $19 million in a project to modernise and expand one of its paper machines at its facility in Cali, Colombia, alongside global technology companies Voith Group and A.Celli Group.
Rounding off the investment is a $1 million investment in Costa Rica for the modernisation of Smurfit Kappa's paper sacks plant in San Jose. The group has also acquired a flexographic printer from the Italian brand Expert Group, which it plans to use to meet the demand for high-resolution graphics in the market.
Juan G. Castañeda, CEO of Smurfit Kappa The Americas, said, "this unprecedented growth and modernisation plan in the region strengthens Smurfit Kappa's value proposition for our paper sacks customers", adding that the group will "continue to support and accompany them [customers] in their growth and sustainability goals.”
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: The European Supermarket Magazine.