The expansion of smurfit kappa group will continue in this segment. It also plans to build a new plant nearby its existing facility located in spain. A new plant for baginbox packaging will be built in spain by smurfit kappa. This new plant is aimed to satisfy the needs of smurfit kappa&rsquos increasing numbers of customers in the mediterranean region. Smurfit kappa will make an investment of about &euro28m in its new site, in lbi, which is in the area of alicante. In 2008 smurfit kappa acquired baginbox manufacturer plásticosvicent and from then onwards, smurfit kappa has its existence in the alicante area. The company&rsquos production output, in baginbox business, is expected to increase by 25, with this new plant. A company has six production sites where it produces baginbox packaging. These sites are located in spain, russia, france, italy, canada and argentina. A company has a lot of growth oriented expectations from this new business segment. Recently, argentina&rsquos baginbox manufacturer banguin company was acquired by the smurfit kappa. Baginbox packaging is not only used in the wine industry, but in juices, food products, cleaning products and dairy products, as well. Different sizes, varying from 2 to 1000 liters, are easily available.
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