Seven cArtù, a joint venture of the José Neves group and Italy's Grifal, announced a €4 million investment in a production unit in Guimarães, Portugal, for its cArtù corrugated board. The investment funds greener production lines and is partly supported by the Portugal 2030 program.
Grifal aims to build about 14 new production sites for Cartù in main European countries, in partnership with local entities, with an assumed investment of about EUR 2 million per site.
Bergamo-based Grifal will inaugurate in September 2024 an expansion of its Cologno al Serio site, with four new production lines and a total investment of EUR 15 million, doubling Italian Cartù capacity.
Italian packaging group Grifal agreed to acquire 100% of a newco receiving the operating division of Cornelli, which makes corrugated cardboard boxes and branding for packaging, in a deal stated as EUR 1.257 billion.