# Innovia to invest $70M in new films capacity in Germany

Innovia, a unit of CCL Industries, will invest $70 million to add a new 8-meter wide co-extrusion line at its site near Leipzig, Germany, adding 36,000 tons of annual capacity for thin gauge label films. Production is expected to start in the second half of 2024.

- Type: Expansion
- Announced: 2022-05-16
- Where: near Leipzig, Germany, Germany
- Value: $70.0M
- Starts operating: Q3 2024
- Status: announced
- Capacity: 36,000 tons per year
- Products: thin gauge label films
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Innovia Group](https://endata.com/companies/612.md)
- [CCL Industries](https://endata.com/companies/611.md) (investor)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/paper-and-packaging/innovia-to-invest-70-million-in-new-films-capacity-in-germany-701632), 2022-05-16: "We see significant growth opportunities with films for Pressure Sensitive Labels and plan to use our existing assets in the UK for top coated products and new initiatives."

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