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June 10, 2022

Smurfit Kappa invests $23.5m to upgrade Nuevo Laredo sheet plant in Mexico

The investment will double the production capacity in Nuevo Laredo and reduce CO₂ emissions by up to 40%.

Smurfit Kappa has invested $23.5m to transform its sheet plant in Nuevo Laredo, Mexico, into a fully integrated corrugated plant.

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As part of the upgrade, the company added an advanced corrugator, which started operating last week.

The new machine will double the production capacity, addressing the fast-growing demand for sustainable packaging in San Antonio, Texas.

CO₂ emissions will be reduced by up to 40%, due to less transportation between the company’s plants in Nuevo Laredo and San Antonio.

In addition, Smurfit Kappa will be investing to extend the building.

Smurfit Kappa North America CEO Eduardo Rubio said: “The enhanced production capacity we now have because of this investment has strengthened our ability to meet the needs of current, and indeed potential, customers in the region.

“Smurfit Kappa is a reliable source of high-performance, sustainable packaging, no matter how complex the product or supply chain requirements are.”

Smurfit Kappa’s Nuevo Laredo plant is located in the Tamaulipas region in Northeastern Mexico, where it has partnerships in the industrial, electrical appliances, and electronics sectors.

The investment comes after the company announced the expansion of its Culiacan corrugated plant in Northwest Mexico, with a $22m investment, last year.

Smurfit Kappa the Americas CEO Laurent Sellier said: “This investment reinforces our commitment to being an important player in the growth of the Mexican market. It will also strengthen our partnerships within the sectors that drive the local economy in the Nuevo Laredo region.”

In January this year, Smurfit Kappa announced it will expand the production capacity of its plant in Fortaleza, Brazil.

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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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