British sustainable packaging solutions provider DS Smith has confirmed a £33m ($36.57m) investment to upgrade its three packaging facilities in Greece.
The three sites include a packaging plant in Ancient Corinth, Greece; a ‘Box Plant’ in the town of lerapetra, Crete; and a box storage facility in Thessaloniki, Greece.
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This significant investment programme will be carried out over the next two years.
Smith will use this investment to install upgraded packaging machinery at its sites to boost overall productivity and support its future growth strategy in the Eastern European market.
Smith’s regional managing director for East Europe Reinier Schlatmann 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.”
Work under the latest plan will first be undertaken at the plant in lerapetra, starting sometime between May and October this year.
DS Smith said that the £33m investment will also involve the modernisation of equipment at the two sites in Ancient Corinth and Thessaloniki. The work will also focus on kerbing the wastage of any raw materials used at these locations.
Smith’s managing director for South-East Europe, including Romania, Bulgaria, and Greece Antonis Kantzelis said: “Our people, continuous innovation, and top technology in our three production facilities are the keys to providing the highest quality and circular-ready packaging solutions.”
The move is in line with the company’s Now & Next Sustainability Strategy, which was recently updated to accelerate the process of transitioning to a circular economy.
