British packaging firm DS Smith has announced its plans to invest €33.9m in the next two years across our three packaging sites in Greece.
The investment will be used for equipment upgrades, including the installation of new advanced machinery for packaging solutions and capacity enhancements in Ancient Corinth, Thessaloniki and Ierapetra.
According to DS Smith, the €33.9m investment is expected to support ongoing plastic replacement, increase capacity and significantly boost productivity.
The plans also align with the packaging firm’s growth strategy in the East European market.
DS Smith East Europe regional managing director 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.”
The investments, which will begin with improvements at Ierapetra’s Box Plant this summer, will improve packaging capabilities and operation efficiency. Additionally, it will create a safer working environment for all stakeholders involved.
The packaging firm will install a new Rotary Die Cutter (RDC) converting machine, along with the required building extensions and Flatbed Die Cutter (FDC) converting machine to boost production capacity by 25%.
Other packaging sites in Ancient Corinth and Thessaloniki will use the investment to modernise the equipment and minimise raw material waste. This will help the firm’s customers to experiment with different designs and branding activations for unique packaging in the market.
DS Smith South-East Europe, Romania, Bulgaria, Greece managing director 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 investments match the Now & Next Sustainability Strategy of the packaging firm to deliver the circular economy and meet the growing demand for sustainable packaging solutions from our clients.