DS Smith has expanded its innovation footprint in Hungary with a significant EUR 34 million investment. This investment will enhance the company’s operations and the projects are estimated to be completed by April 2026.
Dec 9, 2024
DS Smith has expanded its innovation footprint in Hungary with a significant EUR 34 million investment, supported by the Hungarian Investment Promotion Agency
This investment will enhance its operations across key locations in Füzesabony, Nagykáta, and Győr. The projects are estimated to be completed by April 2026.
Watch: In Pursuit of Lesser Water Footprint
The projects include a brownfield investment aimed at establishing a highly efficient, state-of-the-art facility in Füzesabony with a strong focus on automation; the installation of the new converting equipment at the Győr site to expand capacity, enhance efficiency, and improve product quality; modernization of the corrugator to improve board quality at the Nagykáta site. This investment includes the establishment of three eco-classrooms in Hungary, highlighting DS Smith’s commitment to enhancing environmental education.
This is part of DS Smith Packaging’s growth strategy in East Europe driving sustainable packaging solutions across the region and creating value for their customers and partners. This strategic expansion aims to boost their manufacturing capacity by over 40%, introducing advanced capabilities, and setting new quality standards to meet the customer needs.
Reinier Schlatmann, Managing Director, DS Smith Packaging East Europe, said, “With nearly thirty years of market presence, our EUR 34.4 million investment in Hungary marks a pivotal step in strengthening our footprint in Eastern Europe, enhancing our manufacturing capacity and advancing our commitment to sustainable packaging solutions”.
DS Smith has a target-led ‘Now & Next Sustainability strategy- Redefining Packaging for a Changing World’ and is committed to leading an industry-wide transition to a circular economy while delivering circular solutions for customers.
