International Paper‘s French companies (Société Normande de Carton Ondulé SA, SNCO and Emballages Laurent SAS, in Western France) will benefit from investments of almost €23 million to adapt their production capacity to the growth of the e-commerce sector and offer even more sustainable packaging solutions to customers. As part of the project, up to 50 new jobs will be created in France.
This is the largest investment International Paper has made in two of its French mills for several years. This investment will fund the installation of new equipment, including new converting lines, to increase production capacity by more than 60% and 50% respectively. This will enable IP to offer customers in both regions an even wider choice of high quality corrugated packaging solutions. The investment, which started at the end of 2021, will continue until the second half of 2023. It also creates new jobs at the two sites in Saint-Langis-lès-Mortagne and Chalon-sur-Saône.
“We are very pleased to announce this strategic investment which will strengthen our sustainable packaging production capacity in France and create new jobs locally. It is essential for our group to position itself sustainably in a sector as dynamic as e-commerce as dynamic as e-commerce, but also to continue to effectively serve our existing customers,” said Hakim Serhir, Director France at International Paper.
The investment is part of IP Group’s €35 million ($40 million) commitment in France and Spain to meet the growing demand of the e-commerce sector by increasing its total production capacity in the Europe, Middle East and Africa (EMEA) region by 10%. E-commerce is a sector that is increasingly consuming cardboard boxes and corrugated packaging in the EMEA region: in recent years, e-commerce has grown steadily by an average of 10% per year in the region, with a further acceleration recently due to the Covid-19 pandemic. For IP, it is therefore strategic to be able to meet this demand, in line with the group’s growth objective in the packaging sector.
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