Smurfit Kappa Group PLC UK Regulatory Announcement: Statement Regarding Investment of Over €35 Million in Morocco’s First Factory
Smurfit Kappa invests more than 35 million euros in the first Moroccan factory
Smurfit Kappa, one of the world’s largest paper-based packaging companies, has announced the construction of a new packaging plant in Morocco, its first corrugated cardboard plant in the country. Located in Rabat and covering an area of 25,000 m2it will enable Smurfit Kappa to quickly and efficiently provide innovative and sustainable packaging solutions to its local customer base.
Construction of the new state-of-the-art factory began this week when the foundation stone was laid in an official ceremony.
The plant will create packaging for sectors such as industry, agriculture, FMCG, automotive, pharmaceuticals and ceramics and will serve both local customers and multinationals based in Morocco. In a market where demand for corrugated packaging currently exceeds supply, the new plant will play an important and strategic role.
Saverio Mayer, CEO of Smurfit Kappa Europe, said: “We are very proud to announce the construction of this new state-of-the-art facility, the first of its kind owned by the company in Morocco. It will be located in an area with high growth potential and will create 300 direct and indirect jobs in the region.
“Our customers will also benefit from our fully integrated and circular business model which will ensure a reliable supply of quality, value-added and sustainable products.”
Ignacio Sevillano, CEO of Smurfit Kappa Spain, Portugal and Morocco, added: “We are delighted that the first stone has been laid, an important milestone for the project. This investment is a reflection of our “think global, act local” approach which combines our global scale and expertise with the best knowledge of our local team to understand and meet the needs of our Moroccan clients.
“The new factory will also incorporate an experience center, our 30th in the world, which will foster better collaboration with our customers and provide ideas and creative ideas.
Edwin Goffard, COO of Corrugated & Converting, Smurfit Kappa Europe, said: “This new factory is being built at the right time and in the right place. The high demand for corrugated cardboard is constant and customers want to know that their products are transported and displayed in the most efficient and sustainable way. We use the enormous wealth of data gained from working with over 65,000 customers worldwide to identify the best solution for the task at hand. »
The new facility is expected to be operational in early 2023.
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the world’s leading providers of paper-based packaging solutions, with around 48,000 employees at more than 350 production sites in 36 countries and sales of 10.1 billion euros in 2021. We are located in 23 countries in Europe and 13 in the Americas. We are the only large-scale pan-regional player in Latin America. Our products, which are renewable, recyclable and biodegradable, are produced in a sustainable way and improve the environmental footprint of our customers.
With our proactive team, we relentlessly use our vast experience and expertise, backed by our scale, to unlock opportunities for our clients. We partner with forward-thinking customers by sharing superior product knowledge, market understanding and packaging trend information to drive business success in their markets. We have an unrivaled portfolio of paper-based packaging solutions, which is constantly updated with our market-leading innovations. This is reinforced by the benefits of our integration, with optimal paper design, logistics, speed of service and our packaging mills sourcing most of their raw materials from our own paper mills.
We have a proud tradition of supporting social, environmental and community initiatives in the countries where we operate. Through these projects, we support the United Nations Sustainable Development Goals, focusing on areas where we believe we will have the greatest impact.
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