Packaging company Smurfit Kappa has announced plans to invest $36 million (€33.36 million) to expand its paper sack business in the Americas.
The investment will strengthen Smurfit Kappa’s position in the region as its paper sacks are popular among clients in the construction, industrial, food, and agricultural sectors in Colombia, Ecuador, Central America, and the Caribbean.
Commenting on the move, CEO of Smurfit Kappa Colombia and the Central American Region, Alvaro Henao, said, "One of the largest commitments of our company is in the paper sack business. With these new investments, we are taking our packaging solutions portfolio to the next level."
The Investment Plan
A part of the investment will be used to install a new cutting-edge Windmöller production line in Palmira, Colombia.
The production line, expected to become operational in 2021, will increase the company’s sack production by 100 million additional units per year, the company said in a statement.
The packaging giant will also upgrade the paper machine used for manufacturing sack paper for faster and enhanced multi-sheet paper sacks.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
