Mars Wrigley announced a A$28.8 million investment in equipment and manufacturing upgrades at its Ballarat factory, building on over A$67 million invested since 2021.
Millennium Group International Holdings closed its IPO of 1,250,000 shares at $4.00 each, raising $5.0 million gross, with shares trading on Nasdaq from April 4, 2023 to fund corrugated paper production facilities in Huizhou and Vietnam.
Crown Beverage Packaging plans to build a solar array on a six-acre site north of its Mankato aluminum can plant, with construction planned for 2024. The project supports Crown Holdings' goal of 75% renewable electricity by 2030 and 100% by 2040.
Wipak has invested over £5 million in a new production line at its Welshpool site, expected to create 50 new jobs. The investment is reported in a 14 March 2023 article about a related warehouse contract.
Vaillant Group will invest up to €2 billion between 2016 and 2030 to expand its heat pump business, mainly in production and development capacity and HVAC partner services. The announcement was made on 14 March 2023 at the ISH trade fair in Frankfurt.
The European Investment Bank signed a EUR 13 million venture debt agreement with PackBenefit to fund a second commercial-scale plant in Aldeamayor de San Martín (Valladolid, Spain), adding 180 million recyclable food trays per year.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa approved a $310,000 award for Mobile Track Solutions to improve its Elkader facility, with a capital investment of $11.45 million and 30 new jobs, scheduled for completion in Q1 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
US private equity firm Shore Capital Partners announced a partnership to invest in Container Services (CSI), a Hillsboro, Kansas maker of PET and HDPE blow-moulded plastic containers, to fund growth and acquisitions. The announcement was made on February 14, 2023.
Kruger Packaging announced investments of over C$30 million to modernize its Place Turcot Containerboard Mill in Montreal, making it the first in North America to produce 100% recycled saturating kraft board. The project is to be completed in 2025 and is supported by federal and Quebec government funding.
Greiner Packaging UK & Ireland invested over £3,700,000 in a new PET decontamination and extrusion line at its Dungannon, Northern Ireland site to make food-contact recycled packaging. The site has also gained SSP and FSC certifications.
SIG has announced the construction of a 10.25 MWp solar installation at its production site in Linnich, Germany. The announcement is dated 3 January 2023.
Voltas will invest over Rs 1,000 crore (about USD 121 million) to expand its manufacturing capacity, including a new plant near Chennai, India. The article is dated 1 January 2023.
Packaging maker Caps Cases placed an order for a JS Printer 924 five-colour open and close casemaker, to boost high-quality print capacity at its Newmarket site in Scotland. The machine follows a flexo printer and digital printer installed in 2021 and 2022.
Private equity group Five V Capital has agreed terms to acquire a 30% stake in Australian packaging brand BioPak, valuing the company at about $275 million.
Encirc's glassworks in Elton, Cheshire, UK will begin glass production in 2027 in a hybrid hydrogen-powered furnace, aiming to produce 200 million net zero spirits bottles for Diageo brands.
Stora Enso is investing EUR 42 million to modernise its Skutskär site in Sweden, improving fluff pulp production and occupational safety. Completion is expected in Q2 2024.
Stora Enso is investing EUR 38 million at its Enocell mill in Finland to flexibly produce unbleached kraft pulp and Nordic bleached softwood kraft pulp. Completion is expected in Q4 2024.
Coca-Cola Europacific Partners unveiled a $43.7 million upgrade of its Moorabbin canning facility, allowing 11 million more cases for the Victorian market. KHS supplied processing and packaging lines as project lead.
Axium Packaging has acquired 83 acres in New Albany, Ohio to secure space for future expansions, adding to the $400 million it has invested in local facilities.
Michigan Automotive Compressor Inc. plans to spend $82 million to retain 241 jobs by installing production lines for electric vehicle parts at its Parma-area factory west of Jackson, Michigan. Production of the new parts is expected to begin in December 2024.
Riverstone Credit Partners provided Katy, Texas-based sustainable packaging provider Hoover CS a $160 million senior term loan. The financing gives Hoover CS additional liquidity to execute its growth strategy.
Megaplast plans further investments of EUR 40 million by 2026, including EUR 9 million for the Thebes plant and EUR 5.5 million for its Heraklion, Crete facilities, funded partly by the Recovery Fund.
Greiner Packaging UK & Ireland announced new investments totalling over £10 million at its Dungannon, Northern Ireland site for new machinery, a new manufacturing hall and warehouse expansion, celebrating its 50th anniversary.
Voltas will invest over Rs 1,000 crore to expand manufacturing capacity, including a new plant near Chennai on 150 acres, plus Rs 200 crore each for Baroda and Sanand and Rs 100 crore for Pantnagar.
Voltas plans over Rs 1,000 crore of investment in manufacturing capacity, including a new plant near Chennai, Tamil Nadu, plus additional spending in Baroda, Pantnagar and Sanand.
Boxshop Ltd is investing in an HQPP converting line built around a BOBST EXPERTFLEX six-colour printer, to be installed in March 2023 to serve customers across Scotland. The article gives no monetary value.
Flex Américas CEO Om Prakash Mishra announced a second stage of expansion in Altamira, with a planned $300 million complex to be built in 2024-2025 on a site still being sought. The total investment through 2025 is above $500 million.
Izhar Basha, founder and CEO of EHPlabs, agreed to make a US$1.0 million private placement into Wildpack Beverage and join its board, subject to TSXV and corporate approvals.
Tecumseh do Brasil, marking 50 years in Brazil, plans to invest more than R$75 million over the next three years in São Carlos to increase compressor production capacity and develop next-generation high-efficiency compressors for 2025 INMETRO standards.
Weiss-Packaging invested in a new packaging printing facility in Simmerath, Germany, with the printing machine still being installed and production expected to start shortly.
A signing ceremony was held for a German Baohua compressor project in the Taicang Port Economic and Technological Development Zone, with a total investment of US$10 million. The plant is expected to produce 10,000 compressors a year once at full capacity.
Diageo has begun work on a GBP 24.5 million expansion of its Belfast, Northern Ireland packaging site, converting warehouses into a canning line capable of 72,000 cans per hour, expected to be fully operational in 2023.
Mondi has approved a €400 million investment in a new kraft paper machine at its Štětí mill in the Czech Republic.
Bosch Rexroth intends to invest in its mobile hydraulics site in Fountain Inn, South Carolina, to develop electrification of mobile machinery and related software. No investment amount was disclosed.
Corrugated packaging converter Carlisle Container Company is acquiring an EFI Nozomi 14000 LED single-pass inkjet corrugated press from Electronics For Imaging, to be installed in a facility adjacent to its main plant opening in early 2023 near Carlisle, Pennsylvania.
Coca-Cola Canada Bottling is investing C$34 million in its Lachine, Quebec manufacturing facility to add a new production line for canned beverages, expected operational in spring 2023.
Yplastic, part of Grupo Telles, invested about R$12 million to modernize its Fortaleza plant, including a Husky HyPET preform production cell with capacity of 10 million preforms per month. The company has begun preform production.
Dongya Machinery (301028.SZ) plans to invest RMB 733 million to build an air compressor manufacturing base in Tongan High-tech Zone, Xiamen. Construction is expected to be completed before 1 January 2025.
Printing group IVE plans to move into fibre-based packaging and is seeking an acquisition, with $30 million to $40 million allocated for this and other earnings-accretive opportunities. The plan follows a strategic review announced with its full-year results in August 2022.
Corrugated packaging producer Zerhusen Kartonagen, based in Damme in north-western Germany, announced a €100m investment. The article gives no detail on what the money will fund.
BorgWarner Mobility Poland is investing 380 million zloty in modernizing its production portfolio, moving Morse Systems production from Blonie to a new 11,300 m2 plant in Jasionka, with the transfer planned for September 2022.
Mondi plans to convert the Duino paper machine PM 3 to produce about 420,000 tonnes per year of recycled corrugated case material. An estimated EUR 200 million will be invested in the project.
Saad Eldin Gases is investing $3 million in a joint venture with Italy's OMB Valves to build an automotive valve plant in Abu Rawash, Giza, with a 70/30 stake split and production expected within six months.
Moldtek Packaging plans capital expenditure of Rs 125 crore in FY23, adding capacity at Sultanpur, Daman, Vizag, Hyderabad and Kanpur units and setting up a second plant at Daman with robotic IML facilities.
High Duty Castings, a family-run foundry in Boksburg East, has installed a Lauds L6 reclamation plant delivering 6 tonnes per hour of cooled sand, as it begins moving toward a smart foundry, marking its 30th anniversary.
WIKA is setting up a flow laboratory at its Switzer site in Chennai, where flow switches for sprinkler systems with UL and FM approvals will be manufactured.
Berrapack, headquartered in Aljustrel, Portugal, is investing €1 million to start producing waterproof paper packages for food use next year, initially 400,000 to 500,000 packages per day.
Atlas Copco will invest EUR 70 million over three years in its Wilrijk site in Flanders, covering additional R&D capacity, smart factory expansion, new production technology and staff retraining.