Smurfit Kappa announces major €24 million investment in France
June 23, 2021Smurfit Kappa has
announced it will invest €24 million to expand its corrugated plant in Rethel,
North-East France, demonstrating the company’s continued commitment to its
French customer market. The new investment will facilitate the consolidation of
two existing facilities at that plant and the installation of a new
state-of-the-art corrugator and conversion equipment.
This investment will result in environmental improvements at the plant
including a reduction in CO2 emissions, with a saving of at least 150 tonnes
annually.
Phase one of the project, including installation of the new corrugator, is due
to be completed in the first half of 2022, with full completion of the investment
project expected in 2023. The investment will help to modernise and expand the
plant, which will include a new 8200m2 building designed specifically for the
installation of the new high-tech corrugator.
Commenting on the announcement, Edwin Goffard, COO of Smurfit Kappa Europe –
Corrugated and Converting, said: “Smurfit Kappa’s ambition to strengthen its
position in France continues with this significant new investment. This
investment will allow us to grow further and improve our quality of service to
the food and industrial markets that we serve.”
Jean-Christophe Bugeon, CEO of Smurfit Kappa France, said: “This investment
will not only expand the capacity at our site, but it will also help us to
tackle the ever-growing environmental issues our planet faces by significantly
reducing the plant’s carbon footprint.”