# Papacks invests about EUR 14 million in second gigafactory in Arnstadt

Packaging specialist Papacks has opened a second hall at its Arnstadt, Thuringia site after investing around 14 million euros, and is planning a third gigafactory that will include a research institute. The company makes plastic-free, biodegradable packaging.

- Type: Expansion
- Announced: 2023-09-03
- Where: Arnstadt, Thuringia, Germany
- Value: $15.0M (14.0M EUR)
- Status: completed
- Products: plastic-free biodegradable packaging, fiber casting bottle machines
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Papacks Sales GmbH](https://endata.com/companies/8710.md)

## Sources

- [leg-thueringen.de](https://www.leg-thueringen.de/en/current/news/detail/packaging-specialist-papacks-expands-in-arnstadt/), 2023-09-03: "As with the first step, the company invested around 14 million euros in the second gigafactory."

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