Klingele Group, a manufacturer of corrugated base paper and packaging made from corrugated cardboard, is investing in the Cuban market via its Spanish subsidiary Klingele Embalajes.
The packaging firm holds a stake in the Spanish holding company Trade Packaging and is seeking to operate two corrugated cardboard plants and a folding box plant in Cuba in the future.
Klingele is investing in the Cuba joint venture contributing primarily on machinery and technical aspects.
The packaging firm is majorly opting for a new BHS corrugated cardboard system in the Havana plant that enhances the production safety. Spare parts and support will be provided by BHS Mexico.
Recently, Klingele has declared its shareholding in the Scandinavian Peterson Group with six sites across Sweden, Denmark and Norway.
With an intention to grow the packaging services, the company has approved a strategic investment of around $20m in processing machines and their printing technology, in the power and steam supply and in adhesive systems.
Investment is mainly focused to double the current capacity of around 40 million m² of corrugated cardboard packaging in the plants located in Havana and Santiago de Cuba.
Klingele Group managing partner Jan Klingele said: “With our partner Trade Packaging we have an experienced local entrepreneur with an excellent network at our side, which gives us an outstanding starting position to lead the Cuban corrugated cardboard industry to success.”
The company along with its affiliated partners serves its customers across Europe, Africa and Central America in their Paper and Packaging business divisions including 2 paper mills, 12 corrugated cardboard and 8 processing plants.
The packaging firm manages 2,400 employees and has reported revenue of around $74bn (€ 620m) in 2016.
Image:Klingele Group to build new corrugated plants. Photo:Courtesy of Klingele Papierwerke.