Smurfit Kappa has invested USD23.5 million to improve its Nuevo Laredo sheet plant in Mexico to turn into a totally built-in corrugated plant.
The Nuevo Laredo plant is positioned in the Tamaulipas area in Northeastern Mexico the place Smurfit Kappa has robust partnerships in the economic, electrical home equipment and electronics sectors. The area represents 3.3% of the nation’s GDP and is dwelling to over 200 firms which manufacture merchandise for the US.
The elevated capability will streamline Smurfit Kappa’s operations in San Antonio, Texas the place a fast-growing urge for food for sustainable packaging is demanding bigger manufacturing volumes.
The funding may also make vital inroads in the plant’s formidable sustainability targets. Its CO2 emissions can be decreased by as much as 40% as a result of considerably much less transportation between Smurfit Kappa’s Nuevo Laredo and San Antonio crops.
Speaking concerning the funding, Laurent Sellier, CEO of Smurfit Kappa the Americas, stated: “This funding reinforces our dedication to being an vital participant in the expansion of the Mexican market. It may also strengthen our partnerships inside the sectors that drive the native economic system in the Nuevo Laredo area.”
Eduardo Rubio, CEO of Smurfit Kappa North America, added: “The enhanced manufacturing capability we now have due to this funding has strengthened our potential to satisfy the wants of present and certainly potential clients in the area. Smurfit Kappa is a dependable supply of high-performance, sustainable packaging, irrespective of how complicated the product or provide chain necessities are.”
This newest funding follows on from Smurfit Kappa’s USD22 million enlargement of its Culiacan corrugated plant in Northwest Mexico final 12 months.