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    SK3   IE00B1RR8406

SMURFIT KAPPA GROUP PLC

(SK3)
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Smurfit Kappa Bag-in-Box launches new thermo-laminated film

11/29/2021 | 07:58am EST

The Smurfit Kappa Bag-in-Box Ibi facility in Spain has started the production of bags with a new and more sustainable thermo-laminated metallised film - M-Compact 77.

Thanks to the thermo-lamination technology, which bonds individual films together through exposure to heat without using the adhesives that are required for classic lamination, production of M-Compact 77 is more environmentally friendly and resource efficient. Smurfit Kappa has achieved a 12% bag weight reduction and 7% less CO2 emissions.1

Commenting on the innovation, Victor Juan, Film Manager at Smurfit Kappa Ibi, said: 'We have been developing this film for more than two years; challenging our suppliers, analysing our own film structures and applying our strictest testing protocols.

'Having full control of the manufacturing processes on all steps, we can guarantee excellent performance of our new metal bags on production lines, supply security and efficient traceability for our customers, and good product preservation during transport, on shelf and at home.'

Pascual Martinez, General Manager of Smurfit Kappa Ibi, added: 'Sustainability is embedded into all our business operations. Today, Smurfit Kappa Bag-in-Box cannot imagine a single product development that does not involve reducing the carbon footprint of the lifecycle of our bags.

'Our integrated production model, big investment in advanced technologies and research and development have already enabled us to make significant progress towards our environmental goals.'

M-Compact 77 will broaden the vast portfolio of films offered by Smurfit Kappa Bag-in-Box for different market applications and supply chain requirements.

It also complements the company's range of flexible materials with reduced plastic weight alongside the previously introduced EVOH films E-Compact and Vitop Compact tap.

Contact:

Smurfit Kappa Group

Ciaran Potts

Head of Investor Relations

Beech Hill, Clonskeagh, Dublin 4, Ireland

Phone: +353 1 202 7127

Email: ir@smurfitkappa.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 9 865 M 11 001 M 11 001 M
Net income 2021 678 M 756 M 756 M
Net Debt 2021 2 711 M 3 024 M 3 024 M
P/E ratio 2021 17,4x
Yield 2021 2,66%
Capitalization 11 892 M 13 262 M 13 262 M
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Nbr of Employees 46 000
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Last Close Price 46,22 €
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Anthony Paul James Smurfit Group Chief Executive Officer & Executive Director
Kenneth Bowles Group Chief Financial Officer & Executive Director
Irial Finan Chairman
Arco Berkenbosch Vice President-Marketing, Research & Development
Richard Schouten Group Vice President-Information Systems
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