Schumacher Packaging Group, one of Europe’s leading manufacturers of corrugated and solid board packaging solutions, announced that it was planning the biggest ever investment campaign in the company’s history, amounting to 700 million euros will be invested – 300 million euros of which will be invested in Germany alone.
Since then, the Group has changed its priorities. According to Euwid, the company will now postpone its investment due to exploding energy prices and distorted supply chains.
At the time of the investment plan announcement, Schumacher Packaging’s CEO Björn Schumacher said:
“Owing to the difficult market conditions, the industry is on the whole shying away from investment. Moreover, the industry is facing the challenge of not being able to supply their customers with enough packaging. We want to offer our customers short-term supply reliability and to be well-positioned in the coming years. That’s why, despite the current economic challenges, we are making more investments than ever before”.