# IVE Group to add die-cutting and gluing equipment at Silverwater for folding cartons

IVE Group plans to invest in new die-cutting and gluing finishing equipment at its Silverwater, NSW facility to generate about AUD 30 million of packaging capacity in the short term. Implementation begins in the new financial year.

- Type: Investment
- Announced: 2024-02-29
- Where: Silverwater, New South Wales, Australia
- Status: announced
- Capacity: $30m worth of packaging capacity in the short term
- Products: folding cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [IVE Group](https://endata.com/companies/9621.md) (investor)

## Sources

- [print21.com.au](https://www.print21.com.au/packaging/ive-to-build-150m-a-year-folding-carton-business), 2024-02-29: "IVE is now looking to build on its packaging capability by investing in new finishing equipment for its Silverwater, NSW, facility, specifically die-cutting and gluing equipment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.