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July 5, 2018

Rigid Containers invests in facilities expansion in Limerick, Ireland

Irish corrugated packaging company Rigid Containers has invested €8m in the expansion of its production facilities located at the Galvone Business Park in Limerick.

Irish corrugated packaging company Rigid Containers has invested €8m in the expansion of its production facilities located at the Galvone Business Park in Limerick.

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As part of the expansion, the company added two extensions and installed new equipment at the site.

The company, which currently employs 95 people, expects to hire up to 30 additional staff over the next two years.

Rigid Containers, which was acquired by European recycled paper and corrugated cases manufacturer VPK Packaging Group in 2000, has also integrated manufacturing and logistics facilities in Desborough (Northamptonshire), Selby (North Yorkshire) and Wellington (Somerset).

“Since taking over in 2015, we have grown our production volume by 30%, with plans for further expansion.”

Rigid Containers site director Mark Munnelly said: “Since taking over in 2015, we have grown our production volume by 30%, with plans for further expansion.

“While investment in both manufacturing technology and facilities are central to the progress made by Rigid Containers to date, our sustainable competitive advantage lays with our talented and committed 95 staff members, many with over 20-year experience in the industry.”

The 880m² southern extension accommodates a new materials handling system, while the western extension comprises a 708m² ground housing a new glueing machine and ancillary equipment, and a 400m² of mezzanine floor.

As part of the expansion, a new materials handling system has been installed which consisted of three double-bay transfer shuttles, 23 lanes of belt conveyor, additional storage space, new corrugator take-off area and a new belt conveyor.

VPK Packaging offers products and solutions such as corrugated packaging, cores and edge protectors, solid board packaging to several sectors, including consumer goods, food and beverages, industrial, E-commerce.

 

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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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