Elopak ASA announced that it will build a new plant in the USA to better serve its customers in the Americas and accelerate growth in the region. The new plant will allow Elopak to build on an already strong track record of organic and profitable growth driven by high customer demand in the region. Elopak will invest around USD 50 million (including lease liability) in the new plant over the period 2023 - 2024.

The investment will be financed by utilizing Elopak's existing Revolving Credit Facility. The plant is expected to commence production in the fourth quarter of 2024 and will create more than 100 new jobs.