SKG to add one million tonnes of containerboard in Europe and Americas

OAKLAND, CA, Feb. 9, 2018 (PPI Pulp & Paper Week) -Smurfit Kappa plans to invest Euro 1.6 billion (nearly $2 billion) between 2018-2021 across its containerboard/corrugated box business in Europe and the Americas, CEO Tony Smurfit said during a presentation on the company's "mid-term outlook."

Under the plan, the company would increase containerboard capacity by some 1.0 million tonnes/yr by 2022-2023 as well as upgrade machinery at its corrugated box plants and reduce overall costs,PPI Europereported.

SKG is looking at various options, including M&A deals, paper machine conversions and building new containerboard machines to increase its paper/box plant integration, currently around 62% ...

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