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Schumacher Packaging plans 700 million investment

The Schumacher Packaging Group, a pan-European manufacturer of corrugated and solid board packaging solutions, is planning its largest investment programme since it was founded in 1948 and plans to invest around 700 million euros by 2025 - 300 million euros of which will be invested in Germany alone.

The Schumacher Packaging Group, a pan-European manufacturer of corrugated and solid board packaging solutions, is planning its largest investment programme since it was founded in 1948 and plans to invest around 700 million euros by 2025 - 300 million euros of which will be invested in Germany alone.

While investments in the packaging industry and in SMEs in general are currently at a very low level due to the global shortage of raw materials and price increases, the company is taking an unusual approach: Despite the difficult economic situation on the global markets, the packaging specialist is investing in the construction and expansion of corrugated board plants and paper mills as well as in sustainable future technologies and is thus setting the course for the future. With the investment package, the company also aims to create around 500 new jobs by 2025, more than half of which will be in German production facilities.

Serving demand

The aim of the investment offensive is to to be able to meet the growing demand for customised packaging solutions in the short and long term as a result of the e-commerce boom and to further increase the company's competitiveness. For 2021, the Schumacher Packaging Group expects turnover of around 800 million euros - by 2025, it anticipates significant growth to 1.3 billion euros.

"Due to the difficult market environment, the industry is currently reluctant to invest. It is also facing the challenge of not being able to supply its customers with sufficient packaging. We want to offer our customers security of supply in the short term and be well positioned in the coming years. That is why we are investing more than ever before despite the challenging economic situation," says Björn Schumacher, Managing Director of the Schumacher Packaging Group, explaining the company's strategic decision.

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The plant expansion in Greven will be even faster thanks to the investment. (Image: Schumacher Packaging)

More than half of the planned investments (around 400 million euros) will be channelled into the expansion of existing plants. The corrugated board plant in Greven, in the immediate vicinity of Münster-Osnabrück airport, will be expanded into a next-generation multi-mega plant even faster than originally planned. According to the company, it will be one of the world's largest production facilities by 2022 and, with a capacity of 600 million square metres per year, will replace the Ebersdorf headquarters as the largest corrugated board plant in Europe to date. The planned expansion of the company's own paper capacities will also be brought forward to 2022/2023. Around 300 million euros of the investment sum will be invested in new plants.

Source: Schumacher Packaging

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