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Corrugated Synergies International, a sheet feeding equipment maker, is opening a facility near the Santa Teresa Port of Entry in New Mexico. The company is investing nearly $40 million and expects to create about 120 manufacturing jobs.
Belgium's VPK Packaging Group acquired a 30% stake in CorrBoard UK, the Scunthorpe corrugated sheet consortium, from Corrugated Synergies International, and also made a capital increase. The investment aims to advance sheet production volume.