Tetra Pak Bumps Investment for Packaging Material Plant in Turkey by EUR 36 Million

Tetra Pak, Switzerland, this week announced an additional investment of EUR 36 million in its packaging material plant in Izmir, Turkey, to complete a EUR 60 million technology upgrade project that started in 2012. The three-year upgrade enables the plant to more than double its capacity to 10 billion packs and broaden its capability to produce a bigger range of packages from the Tetra Pak portfolio. 

 

"Customers in this region are not only growing, but also are eager for innovation that could set them apart from competition. During the past three years, our customers have launched more than 100 products in new packages," said Amar Zahid, who has been appointed Cluster VP of Tetra Pak Greater Middle East & Africa, effective July 1. "With new machines in operation by January 2015, apart from the advantages of local supply such as faster lead time, we will also be able to provide customers with a wide range of packaging options for differentiation and improved functionality," 

 

Greater Middle East has been one of the best performing regions within Tetra Pak with an annual growth rate of 10% during the past decade. At the same time, due to the well-placed geographic location, availability of skilled labor force, as well as the proven success of the factory in terms of low waste ratios and high service levels, the Izmir plant in Turkey has become an export hub for Tetra Pak. 

"Tetra Pak has been operating in the Greater Middle East region for more than 40 years, delivering 25 billion packs per year to more than 200 leading brands. This investment is a clear signal of our commitment to growing together with our customers in the region," Zahid noted.