FRANCE (News release) -- Smurfit Kappa will invest Euro 24 million to expand its corrugated plant in Rethel, North-East France. The new investment will facilitate the consolidation of two existing facilities at that plant and the installation of a new state-of-the-art corrugator and conversion equipment.

This investment will result in environmental improvements at the plant including a reduction in CO2 emissions, with a saving of at least 150 tonnes annually.

Phase one of the project, including installation of the new corrugator, is due to be completed in the first half of 2022, with full completion of the investment project expected in 2023. The investment will help to modernise and expand the plant, which will include a new 8,200 m2 building designed specifically for the installation of the new high-tech corrugator.

Jean-Christophe Bugeon, CEO of Smurfit Kappa France, said: "This investment will not only expand the capacity at our site, but it will also help us to tackle the ever-growing environmental issues our planet faces by significantly reducing the plant's carbon footprint."