€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

Aldi unveils 100% rPET washing up liquid bottles
Sustainability

Aldi unveils 100% rPET washing up liquid bottles

Aldi has transitioned to using 100% recycled plastic (rPET) in some of its own-brand washing up...
Tetra Pak commits to taking action for nature
Supplier News

Tetra Pak commits to taking action for nature

Tetra Pak has announced the launch of its ‘Approach to Nature’ - a comprehensive framework that...
Consumers sue Hershey over alleged misleading Reese’s packaging
Business

Consumers sue Hershey over alleged misleading Reese’s packaging

A group of customers has filed a lawsuit in a Florida federal court against The Hershey Company,...
Diageo trials paper-based bottles for Baileys Irish Cream Liqueur
Sustainability

Diageo trials paper-based bottles for Baileys Irish Cream Liqueur

Diageo has unveiled plans for a trial involving paper-based bottles for Baileys Irish Cream...
YPS: Cereal products now wrapped at double speed with new line
Supplier News

YPS: Cereal products now wrapped at double speed with new line

A renowned cereal producer has doubled the throughput of their shrink-wrapping operation, halving...