International Paper to Build New Box Plant in Spain

Feb. 24, 2012 - International Paper said that it plans to construct a new corrugated packaging plant in Villalbilla to build out its position in Spain, the fourth largest corrugated packaging market in Europe.

The new plant will replace the companyís current leased box plant in Alcala and take over its volumes while also enhancing its capabilities.

The new plant is International Paperís first greenfield box plant in almost two decades in the Europe, Middle East & Africa region (EMEA).

"This multi-year project is a substantial investment and reinforces International Paperís commitment to Spain and the EMEA corrugated packaging market," said Greg Gibson, Vice President & General Manager of International Paperís corrugated packaging business in EMEA.

"Building a new plant in Alcala will allow us to sustain our market position in central Spain following the lease expiration of our current box plant there while also enhancing our capabilities and serving as a platform to grow in new profitable markets and segments,Ē he added.

SOURCE: International Paper