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PAPACKS invests Euro 10 million in its GIGAFACTORY 1 in Arnstadt, Germany

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PAPACKS invests Euro 10 million in its GIGAFACTORY 1 in Arnstadt, Germany

September 30, 2020 - 09:25

COLOGNE, Germany, Sept. 26, 2020 (Press Release) -On Friday afternoon, PAPACKS sets an example and a milestone in the history of sustainable packaging. PAPACKS is investing over ten million euros in Arnstadt , directly at the Erfurter Kreuz and creating around 20 new jobs in the new PAPACKS GIGAFACTORY 1 .

As can be seen as a precaution from the numbering of GIGAFACTORY 1, further productions are already being planned at all logistical intersections in Europe, in 2022 another production will be built on the acquired property in Arnstadt, which will open up twice the area as currently required to accommodate the production capacity of currently 180 million to 360 million pieces p. A. to expand .

A few weeks ago, PAPACKS invested in a new production facility in Appingedam in the Netherlands, where molded parts are already rolling off the line. Here, high-quality molded paper fiber parts are manufactured using the thermoforming process.

Tashin Dag, Founder and CEO of PAPACKS announced that "Europe's largest production of paper fiber molded parts for certified primary packaging for the food and medical / pharmaceutical industries will be created in Arnstadt."

The Bundestag member Tankred Schipanski , Thuringia's State Secretary for Economic Affairs Valentina Kerst , the district administrator of the Ilm district Petra Enders and the mayor of the city of Arnstadt, Frank Spilling , gave greetings.

Kerst called the investment a “great signal in difficult economic times. Obviously, many companies are bracing themselves against the current corona-related crisis and are investing in the beginning economic recovery, ” said Kerst.

What is particularly pleasing, however, is: "With PAPACKS, an innovative and environmentally friendly technology is coming to Thuringia that has considerable growth potential."

The Ministry of Economic Affairs has therefore promised to support the investment within the framework of the EU state aid options.