Smurfit Kappa's Fresh Investment to Boost LatAm Paper Sacks Business

SEATTLE (Scrap Monster): European paper-based packaging major Smurfit Kappa announced investment in Latin American region, reiterating its commitment to the paper sacks market in the region. The company is reportedly making steady progress on its planned investment of $40 million, in response to growing market demand.

According to company press release, the new paper sacks machine at its plant in Palmira, Colombia has become fully operational. The company had spent $9.5 million in the plant towards increasing the plant’s production capacity by an additional 100 million multi-ply paper sacks per year. Furthermore, it has resulted in improving the print quality and performance of the sacks.

Smurfit Kappa had invested $10 million in its paper sacks plant in the Dominican Republic. In addition, the company’s $1 million investment towards modernization of paper sacks plant in San Jose, Costa Rica is expected to boost capability. More importantly, it has committed to the earlier announced investment of $19 million towards modernization and expansion of one of the paper machines at its facility in Cali, Colombia.

Juan G. Castañeda, CEO of Smurfit Kappa The Americas noted that the investment plan targets to strengthen the company’s value proposition for its paper sacks customers.

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