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June 30, 2021

Tetra Pak to invest in France plant to produce tethered caps

The €100m project will be carried out in two phases over a three-year period, from later this year to 2023.

European food packaging company Tetra Pak is investing €100m in its production plant in Châteaubriant, France, to support its transition to tethered caps.

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The Châteaubriant facility specialises in manufacturing caps for the food and beverage sectors. The switch to producing tethered caps is due to take place by 2024.

The investment is intended to fund the development of more sustainable packaging solutions in Europe that comply with the Single-Use Plastics (SUP) Directive. It will be spread over two phases, beginning later this year and ending in 2023.

During the first phase, Tetra Pak will expand the plant’s industrial site to allow its manufacturing capacity to increase by 30%. The company will install ten lines that support the production of tethered caps.

Over the next two years, the company will replace around 50% of the plant’s existing production lines so that more food and beverage companies can have tethered caps.

Tethered caps are designed to reduce litter by staying intact with the package.

Tetra Pak Europe and Central Asia president Charles Brand said: “We are particularly proud of this investment project, which demonstrates how we consistently strive to provide customers with sustainable innovations and meet the rapidly changing demands of regulators and society.

“High-performance food packaging plays a critical role in feeding the world, but it must do so sustainably so that food availability does not come at the cost of the planet.”

The 30,000m² Châteaubriant plant features 19 lines that manufacture six types of caps. Last year, the plant produced around five billion caps.

The latest investment follows Tetra Pak’s commitment to investing around €100m ($118m) a year over the next five to ten years.

Last June, the company pledged to achieve net-zero emissions across its value chain by 2050.

To this end, it is focusing on developing a low-carbon circular packaging and equipment portfolio, as well as sustainable recycling value chains.

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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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