# Papacks invests €10M in Arnstadt GIGAFACTORY 1 in Germany

Papacks is investing over €10 million in a new production facility called GIGAFACTORY 1 in Arnstadt, Germany, creating around 20 new jobs. The facility will produce molded paper fiber parts for primary packaging for food and medical/pharmaceutical industries.

- Type: Investment
- Announced: 2020-10-02
- Where: Arnstadt, Erfurter Kreuz, Germany
- Value: $11.7M (10.0M EUR)
- Jobs: 20
- Status: announced
- Capacity: 180 million pieces per year
- Products: molded paper fiber parts, primary packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [PAPACKS](https://endata.com/companies/7067.md)

## Sources

- [lesprom.com](https://www.lesprom.com/en/news/Papacks_invests_Euro_10_million_in_Arnstadt_mill_in_Germany_95855/), 2020-10-02: "Europe's largest production of paper fiber molded parts for certified primary packaging for the food and medical / pharmaceutical industries will be created in Arnstadt."

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