DS Smith, an international packaging firm, is putting money into the operations of its Greek packaging plant. The company (DS Smith) invests €17.6 million into its Korinthos-based packaging facility.
This funding comes as part of a larger strategy for DS Smith’s three box plants in Greece, which is estimated to cost €33.9 million. The two year strategy aims at increasing production capacity and fostering better innovation.
The Korinthos facility will see a 30% increase in production capacity. This increase will enable the firm to satisfy the increasing need for ecologically responsible packaging materials.
DS Smith’s investment aims at increasing energy efficiency and achieving sustainability targets. The company is dedicated to creating novel plastic substitute packaging materials.
Reinier Schlatmann, Regional Managing Director for DS Smith East Europe, was very optimistic about the investment. He talked about completion of this project as a big step forward for the firm’s strategy in the Greek market.
Schlatmann spoke on how the investment will make a difference in capacity, quality and product portfolio. He pointed out that this will enable DS Smith to capitalize on an important Greek market which is crucial.
The company’s predetermined spending focus on sustainable goals is in sync with world movement towards environmentally friendly packaging materials. Investments made by DS Smith represent a step towards more responsible production in the sector.
This strategy from DS Smith reflects the company’s trust in the capabilities of the Greek market. Moreover, it reflects the company’s innovation and sustainability efforts in packaging.
It is anticipated that this investment will lead to economic development by creating new job opportunities. Now, DS Smith has become a major contributor to the packaging industry revolution in Greece.
DS Smith appears to be making an appropriate investment with the increasing need for sustainable packaging. With this investment, the company is ready to cover market demands and set new frontiers to which other industry participants will have to comply.
