Elopak has announced plans to build its first U.S. production plant with the latest state-of-the-art technology for the production of Pure-Pak® cartons for liquid dairy, juices, plant-based products and liquid eggs.
The new production facility will be located in Little Rock, Arkansas and is expected to start production in the first half of 2025. It represents a significant investment for the region of around USD 70 million including the land, the building and the equipment.
In a statement, Elopak said, “Following the investment announcement in June 2023, the company has evaluated different financing opportunities and concluded to own and fully finance the plant on the balance sheet. Hence, the nominal cost of the investment will be recognized in the balance sheet instead of the discounted value of the lease payments, increasing the reported investment by around USD 15 million.”
This is economically more profitable for Elopak compared to partly leasing, which was assumed in June.