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Paper Recycling June 14, 2023 05:09:32 AM

Smurfit Kappa Declared Huge Production Capacity Boost in Mexico

Paul Ploumis
ScrapMonster Author
Smurfit Kappa will continue to invest in Mexico, so as to tap the potentials of the country’s growing economy, he added.

Smurfit Kappa Declared Huge Production Capacity Boost in Mexico

SEATTLE (Scrap Monster): Smurfit Kappa- Europe’s leading corrugated packaging company has invested over $350 million in Mexican facilities over the past five years to significantly boost production capacity in the country.

Most recently, the company had announced investment of $12 million in its Tijuana plant. The purchase of new machinery, along with process upgrades is set to deliver significant improvement to printing quality and efficiency.

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Laurent Sellier, CEO of the Americas, Smurfit Kappa noted that Mexico is an important market for the company. It has invested substantial resources in paper machines and corrugated plants in the country. The network of plants across the country has witnessed surge over the past several years, thus supporting the country’s economy and helping the company better serve customers’ needs. Smurfit Kappa will continue to invest in Mexico, so as to tap the potentials of the country’s growing economy, he added.

As per latest government updates, the Mexican economy is poised to grow up to 3% in 2023 and 2024, driven by boosted manufacturing investment and cooling inflation. It expects expansion of Mexican economy by between 2.2% and 3.0% this year, and between 1.6% and 3.0% in 2024.

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