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January 25, 2022

Nexgen Packaging invests to expand capabilities in Latin America

These investments are intended to help Nexgen Packaging address the growing demand from retailers and manufacturers in the region.

Multinational packaging supplier Nexgen Packaging has made strategic investments to strengthen its production capabilities in Latin America.

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The company opened a production facility in Querétaro City, Mexico, this month, which will manufacture packaging solutions for retailers in Mexico, Central America and the US.

The team at the facility has experience in printed tags and labels, radio frequency identification (RFID) solutions and sustainable solutions for the retail industry.

This investment comes after Nexgen acquired the majority of assets of Guatemala-based company Imprimelo last month.

The acquisition is intended to allow Nexgen to expand its print and RFID capabilities to meet the requirements of customers in Central America.

These expansions will enable Nexgen to address the increasing demand from retailers and manufacturers, as well as allow its customers to take advantage of trade agreements between the US, Canada, Mexico and Central America.

Nexgen co-CEO Jim Welch said: “Our customers in the US and Europe are aggressively pursuing nearshoring and onshoring manufacturing strategies in response to the supply chain challenges the retail industry is experiencing.

“Nexgen has always pursued the strategy of investing in production facilities close to our customers’ points of manufacturing and these investments in Mexico and Guatemala reflect our commitment to meeting our customers’ supply chain needs.

“We are proud of our teams in Latin America and excited about the opportunities this will create for Nexgen and our customers.”

Nexgen supplies packaging for the retail, apparel and footwear industries, operating 17 production facilities worldwide.

The company has also expanded its manufacturing capabilities in Indonesia, India, Ethiopia and Spain over the past three years.

It operates head offices in China, the US and Spain.

Last February, Irish packaging company Smurfit Kappa invested $40m in its paper sacks business in Latin America to meet the demand for environmentally sustainable paper sacks.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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