View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 25, 2021

Smurfit Kappa invests in Czech Republic and Slovakia facilities

Smurfit Kappa invests in four manufacturing plants across the Czech Republic and Slovakia.

Ireland-based packaging company Smurfit Kappa has invested €20m ($24m) in four of its manufacturing plants across the Czech Republic and Slovakia to strengthen their converting capacity.

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 company made the investment in four major projects, which include facilities in Žebrák, Žimrovice and Olomouc in the Czech Republic and in Štúrovo, Slovakia.

Smurfit Kappa will install converting equipment capable of producing more than 100 million regular and offset printed boxes a year.

The company expects to complete all four projects by the end of the year.

All the plants will be equipped to meet increasing demand for sustainable, paper-based packaging. The equipment is also intended to deliver premium quality packaging solutions consistently.

In addition to increasing capacity, the investment is aimed to make the workplaces safer and more ergonomic.

Smurfit Kappa Europe corrugated chief operations officer Edwin Goffard said: “This significant investment marks a commitment in further developing our presence in Eastern Europe.

“From both a product and geographical perspective, Smurfit Kappa Czech Republic and Slovakia are excellently positioned to serve an evolving and ever-growing market, and this investment will support further growth of the business.”

Smurfit Kappa Czech Republic and Slovakia CEO Zdenek Suchitra said: “This new investment ensures we are excellently equipped to satisfy a wide variety of customer needs and to continue delivering our high-quality solutions, as well as best-in-class efficiency, to the market.”

Last month, the company invested more than €25m ($29m) in its plant in Pruszkow, Poland, as part of its capital investment programme.

The investment followed an equity capital raise of €660m ($774m) in November.

With the investment, the company will install a high-tech corrugator, new converting equipment, logistics optimisation and a finished goods warehouse that can store 12,000 pallets at the facility.

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