VPK Group Announces Joint Venture with Italian Corrugated Packaging Producer IEMME
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VPK Group announced that it has entered a joint venture with IEMME srl, an Italian corrugated cardboard company based in Gambolo (near Milan), Italy.
IEMME is a leading producer of corrugated cardboard packaging and sheets in Italy.
In 2023, IEMME's modern plant produced 70 million m2 of cardboard, employed 100 people and generated a revenue of 40 million euros.
VPK explained that the joint venture enables it to offer a diverse range of sustainable paper-based packaging solutions in Italy, including printed Fanfold, digitally printed packaging, American and die-cut boxes and sheet cardboard, tailored to the needs of customers in different sectors.
"This new joint venture in Italy aligns seamlessly with VPK Group's long-term vision and strategy for sustainable growth and expansion of its vertically integrated, value-added business model across Europe, VPK stated in a press release.
Going forward, VPK will join the company's capital and join forces to further lead and develop the organization, respecting local values, entrepreneurial spirit and sound management practices.
