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March 11, 2021

Smurfit Kappa announces investment for North Wales facility

Ireland-based corrugated packaging company Smurfit Kappa has announced an investment of €40m ($47.8m) into its facility in Mold, UK.

Ireland-based corrugated packaging company Smurfit Kappa has announced an investment of €40m ($47.8m) into its facility in Mold, UK.

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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
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by GlobalData
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The investment is part of the company’s plans to expand capacity at the North Wales facility and make it the largest box factory in the country, helping it meet the growing demand for sustainable packaging.

Smurfit Kappa will install advanced equipment to reduce CO₂/t emissions by 15% at the plant. It will also build a three-acre nature trail, which will integrate a local stream, and a new footpath to be used by both site staff and the local community.

The company is partnering with Park in the Past, a local heritage and conservation project, to plant 10,000 trees, shrubs and bushes. Excess soil from the factory extension will be contributed to a nearby heritage project.

Customers can visit the on-site Experience Centre to understand the science, creativity and data used to innovate, customise and implement sustainable packaging solutions at the facility.

Smurfit Kappa UK and Ireland CEO Eddie Fellows said: “This investment in North Wales will increase our capability, flexibility and speed of response to deliver unrivalled, innovative packaging solutions to customers across the UK and Ireland. We are determined to meet the future needs of our customers in a sustainable way. It is vital that our investment has benefits for the local community and the environment.”

The Smurfit Kappa plant in Mold has been in operation since 1994 and currently employs 194 people.

Last month, the company strengthened its paper sacks business in Latin America with a $40m investment to help address the demand for sustainable paper sacks. In 2018, it invested $10m in its paper sacks plant in the Dominican Republic.

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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.

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