BRUSSELS, Oct. 10, 2013 (RISI) -Morocco's Compagnie Marocaine des Cartons et des Papiers (CMCP), a subsidiary of International Paper, has invested Euro 5 million ($6.8 million) in a new fluting machine for its Agadir plant.
The new line, which is being supplied by the Italian firm Fosber, will be operational in the middle of this month.
The new line will enable the firm to improve the quality of its board meant for the export market.
"We cover an area affected by seasonality such as fruits, vegetables and fish. This investment will greatly increase our production capacity and respond more easily to peaks in demand," said complex box plant general manager El Houssine Radi.
In 2015, the company is also planning to invest Euro 15 million to revamp the site's production unit - the cutting and printing sections - and to upgrade the plant's security system.
Those investments will enable the firm to increase the plant's production capacity from the current 85,000 tonnes/yr to 120,000 tonnes/yr of corrugated boxes over three years.
CMCP-International Paper has approximately 1,200 employees and operates two box plants and one recycled containerboard mill in Morocco.
CMCP-International Paper produces corrugated packaging materials as well as recycled paper and board for the industrial and agricultural domestic and international markets.