33 million investment into our Greek packaging plants
News General news
We are pleased to announce a significant investment plan to be implemented in the next two years across our three packaging sites in Greece.
The 33.9 million euro investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity as part of our ambitious growth strategy in the East European market.
"As a sustainable packaging supplier, we are proud of our investment in state-of-the-art technology to expand options for reducing problematic plastics with our customers."
(Reinier Schlatmann, Regional Managing Director, DS Smith East Europe)
Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste.
"Our people, continuous innovation, and top technologyin our three production facilities are the keys to providing the highest quality and circular ready packaging solutions."
(Managing Director DS Smith South-East Europe, Romania, Bulgaria, Greece
Antonis Kantzelis)
The investments support our customers’ growing demand for sustainable packaging innovations and align with our Now & Next Sustainability Strategy to deliver the circular economy.
