Investments

Smurfit Kappa’s Bag-in-Box division completed Euro 12 million investment in a new flexible material production facility at its plant in Ibi, Spain. The new state-of-the-art production facility commenced operations, on a phased basis, earlier this year and will be one of the most advanced Bag-in-Box manufacturing plants...

Mikhail Shamolin, President of Segezha Group (a Sistema company), and Arthur Parfenchikov, Head of the Republic of Karelia, Russia, signed a letter of intent for the implementation of the “Segezha West PPM Construction Project”. The investments are estimated at RUB 178 billion ($2.4 billion).

Smurfit Kappa has announced a significant investment of Euro 11.5 million in its Zülpich paper mill in Germany, which will fund a fuel conversion project aimed at significantly reducing the plant’s CO2 emissions. The plant currently produces approximately 500,000 tonnes of paper annually.