Everything comes in a box. It’s a truth that has catapulted packaging company DS Smith to one of the top 100 public companies with the highest market capitalization on the London Stock Exchange. The company has more than 35 facilities around the world and employs about 30,000.
Today, the company broke ground on its newest facility to be built in the Lebanon Business Park. DS Smith is investing $100 million to build the 548,000 sq. ft. facility, which will employ up to 160 by 2020. The dirt is already being moved on what officials are calling a state-of-the-art box manufacturing facility.
Jim Morgan, CEO and president of DS Smith North America Packaging and Paper, said the company was built on sustainability.
“We manufacture paper in Reading, Pa., and just south of Savannah, Ga., in Riceboro,” Morgan said. “That paper will be coming up here and the boxes will be produced here and then sent in to our customers.”
Smith added that in 2010, DS Smith had six locations. The Lebanon facility will be the 20th in the United States. Soon, the company will launch a recycling business in the U.S. to recycle the boxes, turn them into paper and make more boxes.
“We’ve got an innovative product called Greencoat which replaces wax coatings in boxes,” Morgan said. “That product is fully recyclable, fully repulpable and solves an issue for the solid waste folks.”
Mayor Matt Gentry says this project shows that Lebanon is competitive on a national level.
Indiana Governor Eric Holcomb said this is an exciting day for Indiana and Lebanon, which he calls a growing and dynamic area with a heavy focus on quality-of-life, health and infrastructure projects.
The plant is expected to be operational by the end of the year.