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January 19, 2022

Smurfit Kappa to invest $33m to expand production plant in Brazil

The investment will increase the capacity of the Ceará manufacturing facility.

Ireland-based packaging company Smurfit Kappa has announced it will expand the production capacity of its plant in Fortaleza, Brazil.

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As part of the $33m expansion project, the company will install a corrugator to increase the plant’s shelf-ready packaging output.

This is intended to help the company better serve fast-moving consumer goods (FMCG) companies in various sectors, including fresh fruit, home appliances and pharmaceuticals.

Smurfit Kappa Americas CEO Laurent Sellier said: “Almost 30% of the total Brazilian population resides in the north-east region and Fortaleza offers the perfect platform to strengthen our presence in this attractive and fast-growing part of the country.

“Brazil is an essential market for Smurfit Kappa and we are excited to dedicate significant resources of the company’s global investment plan to expand our presence in the north-east. It is a clear testament to Smurfit Kappa’s commitment to this market.”

In addition to the corrugator, the company will add several high-end printers designed to meet the requirement for e-commerce packaging at the plant.

Smurfit Kappa Brazil CEO Manuel Alcalá said: “Today’s announcement will ensure Smurfit Kappa can support our customers to gain even more share in their markets.

“The combination of an innovation centre and state-of-the-art technology will provide greater opportunities to collaborate with customers to deliver innovative, inspiring and sustainable solutions.”

Smurfit Kappa has more than 350 production sites across 36 countries, employing around 46,000 people in total.

The company registered revenues of €8.5bn ($9.6bn) in 2020 and plans to release its 2021 full-year results on 9 February.

In November last year, the company introduced a sustainable, thermo-laminated metallised film for manufacturing bags as part of its Bag-in-Box range.

The thermo-lamination technology bonds separate films together by exposing them to heat, without using the adhesives typically used for lamination.

This is claimed to be more environmentally friendly and resource-efficient than other lamination methods.

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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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