# Smurfit Kappa completes EUR 12 million flexible material investment at Spanish IBI plant

Smurfit Kappa completed a 12 million euro investment in a new flexible material production facility at its IBI plant in Spain, announced on 11 June 2021.

- Type: Investment
- Announced: 2021-06-11
- Where: IBI, Spain
- Value: $14.2M (12.0M EUR)
- Status: completed
- Products: bag in box packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (investor)

## Sources

- [fancycopacking.com](https://www.fancycopacking.com/news/smurfit-kappa-s-investment-expanded-rapidly-a-47325679.html), 2021-07-05: "Smurfit Kappa bag in box Department announced that it had completed the investment of 12 million euros in the new flexible material production facility of its Spanish IBI plant."

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