Smurfit Kappa goes green at Mexico plant
Smurfit Kappa has invested in its operation in Mexico with a new paper machine at its Los Reyes paper mill site.
The paper and packaging giant says the launch of the sustainable technology machine is a demonstration of its long-term commitment to the country.
The new high-performance machine, which produces recycled container board, strengthens the company's offering in the agricultural and electrical appliance sectors.
Smurfit Kappa, which has operated in Mexico for more than 40 years, has also recently invested in a modernisation project for converting plants which, along with the new PM6 machine, significantly increases customer capabilities, the company said yesterday.
"Mexico is a market with strong growth potential, which is key to our operations in the region," Juan Guillermo Castaneda, Smurfit Kappa CEO for the Americas, said.
"We continue to invest in this country to boost our competitiveness and offer our customers the very best in sustainable packaging."
The Los Reyes Paper Mill is one of the company's three container board mills in Mexico, where the company also operates 15 converting plants.
"We are proud to start operating yet another state-of-the-art paper machine in Mexico, further contributing to sustainable development and growth in the country," said Smurfit Kappa Mexico CEO Jorge Alberto Angel.
The company, which employs over 45,000 in 34 countries, is due to release its year-end results tomorrow.
According to Davy analysts, the company will report earnings of around €1.2bn for the year.