IP announced a $40m investment into new converting equipment at several of its corrugated packaging plants in France and Spain, according to Euwid.
With this investment International Paper (IP) plans to install new equipment and increase its converting capacity in the EMEA (Europe, Middle East & Africa) region by approximately 10 per cent in order to better serve its customers in the e-comerce segment.
According to the company, the e-commerce segment accounts for almost 10 per cent of the total corrugated packaging demand in the EMEA region and is still growing with double digit rates, which makes it strategically important for International Paper's growth agenda in the region.
