Paper and packaging giant Smurfit Kappa is to invest €54m to double the capacity of its Ibi Bag-in-Box plant in Alicante in Spain.
Bag-in-Box Ibi creates a broad range of products for wine, dairy products, liquid eggs, cooking
oils and water.
Smurfit Kappa is the biggest Bag-in-Box provider in Europe.
The company said its latest investment will strengthen the sustainability of both the plant's operations and its product portfolio, with enhanced waste management systems and significant savings in energy consumption.
Saverio Mayer, CEO of Smurfit Kappa Europe, said that today's announcement demonstrates the company's
commitment to the Bag-in-Box division and forms part of its multi-country expansion plan.
"We have invested €90m in the Ibi plant throughout the last decade which has significantly enhanced our offering," he added.
