PaperFoam secures EUR 2m loan to expand Czech plant
Dutch starch-based packaging maker PaperFoam has secured a EUR 2m (USD 2.2m) loan from Invest International, the Dutch government-backed financier. Part of the funds will expand PaperFoam's factory in the Czech Republic, with the rest funding working capital at its Malaysia and US plants. Invest International previously backed PaperFoam's first Czech expansion in 2020.
Why this mattersDutch state-backed financing continues to fund capacity at a starch-based packaging maker serving cosmetics, retail and medical-device customers.
- Invest International, the Dutch state-backed financier, lent PaperFoam EUR 2m (USD 2.2m)
- Part of the funds will expand PaperFoam's factory in the Czech Republic
- The remainder adds working capital at PaperFoam's plants in Malaysia and the United States
- Invest International previously financed PaperFoam's initial move into the Czech Republic in 2020
- New production machinery for the expansion is being supplied by Kuyer Metaal and Shuffle-Mix, both Dutch firms
- PaperFoam's customers include Puig, HEMA and Medtronic
Sources
thecaptable.nl