€33.9 million upgrade for three packaging plants in Greece

€33.9 million upgrade for three packaging plants in Greece

Business

DS Smith, a renowned British sustainable packaging solutions provider, has unveiled a substantial 33.9 million euro investment plan to upgrade its three packaging facilities in Greece.

The three sites to undergo transformation are a packaging plant in Ancient Corinth, Greece; a 'Box Plant' in the town of Ierapetra, Crete; and a box storage facility in Thessaloniki, Greece.

The investment initiative, scheduled to be completed over the next two years, aims to enhance overall productivity and support future growth strategies in the Eastern European market. Upgraded packaging machinery will be installed at the sites to drive efficiency.

The first phase of the plan will commence at the Ierapetra plant, between May and October this year. Subsequently, the modernisation of equipment at the Ancient Corinth and Thessaloniki sites will be undertaken, with an emphasis on reducing raw material wastage.

Packaging plant in Corinth Greece credit DS Smith
Packaging plant in Corinth, Greece © DS Smith


This significant investment aligns with DS Smith's Now & Next Sustainability Strategy, which accelerates their transition towards a circular economy. The company remains committed to promoting sustainability and environmentally conscious practices in its operations.

Reinier Schlatmann, Regional Managing Director, DS Smith East Europe, said: As a sustainable packaging supplier, we are proud of our investment in state-of-the-art technology to expand options for reducing problematic plastics with our customers.

Latest Packaging News

Asda introduces in-store coffee pod recycling with Podback
Sustainability

Asda introduces in-store coffee pod recycling with Podback

Asda has launched a partnership with Podback, a coffee pod recycling initiative, to offer an...
Paris Packaging Week 2025: A record-breaking edition in sight
Events

Paris Packaging Week 2025: A record-breaking edition in sight

With less than a week to go, Paris Packaging Week is set to take place on January 28 & 29,...
Where to catch YPS during 2025
Supplier News

Where to catch YPS during 2025

Throughout 2025, YPS will be presenting the latest developments in shrink wrapping and ecommerce...
Spectra delivers full packaging solution for Dermosil’s Juicy Jams body washes
Supplier News

Spectra delivers full packaging solution for Dermosil’s Juicy Jams body washes

Spectra Packaging recently created a vibrant and complete packaging solution for Dermosil’s range...
Food and Beverage Carton Alliance launches as global powerhouse
Sustainability

Food and Beverage Carton Alliance launches as global powerhouse

The Food and Beverage Carton Alliance (FBCA) has officially launched, uniting two prominent...