USA – Elopak is accelerating its growth in the U.S. by expanding its new production plant in Little Rock, Arkansas.
Initially announced in June 2023 with a US$70 million investment, the facility will now house two production lines instead of one.
The state-of-the-art plant is set to manufacture Pure-Pak cartons for various liquid products. The expansion will create over 100 permanent jobs, with the first production line expected to be operational in the first half of 2025.
Following strong demand and the sell-out of the first line’s full production capacity, Elopak has decided to add a second production line.
This addition, requiring an incremental investment of approximately US$25 million, is projected to contribute up to US$110 million in revenues. The second line is expected to be operational by 2026.
Elopak CEO Thomas Körmendi expressed excitement over the expansion, stating, “The addition of a second production line is a direct response to the strong demand for Elopak as a reliable business partner.
“This is a key step toward achieving our long-term goal of becoming a €2 billion (US$2.21bn) company.”
Elopak’s Executive Vice President for North America, Lionel Ettedgui, highlighted the investment’s success, “We’ve sold out the full production capacity for the first line, further strengthening our expansion into the U.S. market.
“With construction progressing as planned and demand remaining strong, increasing capacity will allow us to serve both existing and new customers better.”
Earlier this month, Elopak unveiled its revised corporate strategy, ‘Repackaging Tomorrow’, which outlines plans to double revenue to €2 billion by 2030, as part of its broader operational expansion.
The company’s revised corporate strategy builds on its success in fibre-based packaging and growing demand for sustainable solutions.
CEO Thomas Körmendi emphasized Elopak’s solid financial performance and strategic progress since going public in 2021.
In addition to financial goals, Elopak has set updated sustainability targets. By 2030, the company aims to design 100% of its cartons for recycling and reduce its Scope 3 emissions by 25%.
Körmendi stated, “As a market leader in fibre-based packaging, Elopak is well-positioned to benefit from increased regulations and growing sustainability awareness among customers and consumers.
“With our strong track record and innovation pipeline, our entire product portfolio will be designed for recycling by 2030.”
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