Rengo's TRICOR Packaging & Logistics to Invest € 170 million to Build New Plant in Germany

Specifications:

Name:

Rengo's TRICOR Packaging & Logistics to Invest € 170 million to Build New Plant in Germany

Location:

North Rhine-Westphalia

Company:

TRICOR Packaging & Logistics

Estimated Cost:

€ 170 million

Source:

https://www.rengo.co.jp/

Introduction:

Rengo Co., Ltd. announces that its consolidated subsidiary Tri-Wall Limited and Tri-Wall's subsidiary TRICOR Packaging & Logistics AG have decided to construct a new TRICOR plant in the state of North Rhine-Westphalia in northwestern Germany.

Features:

TRICOR designs, manufactures and supplies heavy duty packaging materials, namely industrial & heavy duty corrugated packaging and wooden pallets, including logistic services, at plants with high degree of automation. Recent demand growth in Germany and surrounding countries induces new plant deployment to increase production capacity and to meet the increase in demand. With a total investment of approximately 170 million euros, the new plant will be a state-of-the-art corrugated board plant that incorporates Germany's latest technologies to further advance the automation.

Rengo believes this new plant brings innovation to the industrial & heavy-duty packaging industry and aims to complete the construction in July 2025. In addition, it is also designed to be a plant that gives consideration to the global goal of carbon neutrality by 2050 and gives even further consideration to the environment.

The operation of the new plant will enhance the supply system to deliver products more quickly and meet wider range of packaging needs. At the same time, this new plant promotes the further expansion of the Rengo Group's global heavy-duty packaging business.