View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 3, 2021

Saica to invest $800m in US market over the next five years

The company announced the investment as part of its 'Saica 2025' strategic plan.

Spain-based paper and cardboard company Saica has shared plans to invest $800m in the US market over the next five years.

Free Report
img

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.

The investment will take the form of strategic acquisitions and building plants in an effort to support its growth.

It is in line with the company’s ‘Saica 2025: Building the Future Together’ strategic plan published in June.

As part of the strategic plan, Saica plans to invest an average of €230m ($273m) in technology advancement a year for the next five years.

Saica Group president Ramón Alejandro said: “The journey to the US market has not been an easy road, but we are convinced that we can provide products that will differentiate us in a crowded market.

“We have been encouraged by the tremendous support we’ve received as we began work on our plant in Hamilton, Ohio.”

The investment follows Saica’s announcement for its first US corrugated plant in Hamilton, Ohio.

Scheduled to open early next year, the Hamilton plant will occupy a newly built 300,000ft² area.

It will feature manufacturing, converting and production areas, as well as warehouse and office space.

Mr Alejandro said: “We believe our extensive knowledge of low-weight recycled paper production, along with the increased demand for cartons, makes this a great time to come to the US market.”

In addition to developing infrastructure, Saica’s investment is expected to create around 500 jobs.

The company said that it is ‘still examining options’ to finalise specific plans for its growth.

Last February, Saica announced plans to invest £50m ($69.3m) to create a purpose-built production facility in Livingston, UK, as part of its Saica Pack division.

The company operates in Spain, France, Italy, Portugal, the UK, Ireland, Turkey, Luxembourg, the Netherlands and the US. It currently employs more than 10,000 people.

Related Companies

Free Report
img

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway