DS Smith Investing in Two New State-of-the-Art Packaging Facilities in Poland and Italy
March 16, 2021
ITALY (News release) -- DS Smith has announced a £100 million of combined investment in two new packaging sites in Italy and Poland in response to increased customer demand.
The investment follows significant growth over the past three years and supports our ambitious plans for further organic growth. With the sustainable paper-based packaging market expected to grow significantly as a result of increased adoption of e-commerce and continued expansion in traditional food and drink markets, the new sites will provide much needed capacity.
We arewell positioned to respond to these trends with 85% of the Group's overall offering focused on consumer goods. Through its focus on recyclable, paper-based packaging, it can also respond to market requirements for solutions to replace single-use plastic.
The acquisition of the new greenfield sites and planned facilities in Belchatov in Poland and Castelfranco Emilia in Italy will provide a welcome boost to the local economy.
The state-of-the art facilities will incorporate new manufacturing technology, innovation and sustainable performance and are expected to come online within the next two to three years.
