Smurfit Kappa invests $62m in advanced and sustainable technology in the Los Reyes Paper Mill, Mexico

The PM6 machine, which has a production capacity of 100,000 tons of recycled containerboard per year, will facilitate greater integration within the Group’s converting plants and significantly increase the energy efficiency of the Los Reyes plant.

The investment will enable Smurfit Kappa Mexico to produce high performance containerboard, contributing to the company’s competitiveness in an ever-growing packaging market. The type of material produced by PM6 further strengthens Smurfit Kappa’s offering for the agricultural and electrical appliance sectors, where protecting products in the supply chain is key.

PM6 is one of Smurfit Kappa´s largest investments in Mexico in recent years and an important milestone for the company. Investment in PM6, in addition to the US$33.2 million that has been already invested in the Mexican converting plant modernization project, demonstrates Smurfit Kappa’s long-term commitment to Mexico and consolidates SKG’s position as the leading supplier of paper-based packaging in the Americas.
http://www.smurfitkappa.com/vHome/com/Newsroom/PressReleases/Pages/Smurfit-Kappa-invests-$62m-in-advanced-and-sustainable-technology-in-the-Los-Reyes-Paper-Mill,-Mexico-.aspx

Related Posts

Koehler Paper Group Announces Strategic Partnership for Sustainable Packaging

Sustainable packaging, which means replacing plastic with paper wherever possible, is not just a question of material availability. While flexible packaging paper may well be threatening to displace plastic packaging, both materials still have to share the same machines for the time being. Questions concerning changeover times and even machine conversions and, above all, process reliability in processing are therefore of primary importance for machine operators. Eckard Kallies, Head of the Flexible Packaging Paper Division at the Koehler Paper Group, explains: "We know just how much pressure the consumer is exerting when it comes to greater sustainability. As a supplier to the packaging industry, we have therefore entered into a strategic partnership with Syntegon, a globally leading processing and packaging technology provider. Although people are demanding to see an instant revolution in terms of greater sustainability, this is only possible by taking an evolutionary path. To ensure that we move step by step in the right direction, Syntegon and the Koehler Paper Group are strategically combining their knowledge."

Berry Upgraded to “A” Rating from MSCI for Effective ESG Management

Berry Global Group, Inc. earned an “A” environmental, social, and governance (ESG) rating from international ratings agency MSCI for its progress managing ESG risks and opportunities, including improvements in Carbon Emissions, Labor Management, and Packaging Material and Waste. “We are honored to receive such high recognition from MSCI for our continued efforts to increase transparency and prioritize key environmental and social issues across our global business, while strengthening Berry’s resilience to long-term ESG risks,” said Tom Salmon, CEO of Berry Global. “This improved 'A' rating reflects our ongoing investments in our workforce as well as our commitment to reducing the environmental impact of packaging and achieving net-zero emissions by 2050.”

Pactiv Evergreen Reports First Quarter 2024 Financial Results

First Quarter 2024 Financial Highlights: Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023. Net Income of $10 million for the first quarter of 2024 compared to a net loss of $133 million in the first quarter of 2023 and net income of $22 million in the fourth quarter of 2023.
Back To Top
×Close search
Search