Core Insights - Elopak is expanding its carton converting plant in Little Rock, Arkansas, by adding a third production line with a budget of $30 million to meet customer demand [1][2] - The Little Rock facility, which opened in April 2025, produces Pure-Pak cartons for various liquid products [1] - Elopak's third quarter of 2025 saw record EBITDA of €49.1 million ($57.2 million), marking a 17% margin and the highest quarterly EBITDA to date [3] Expansion Plans - Elopak initially announced plans for the US production plant in June 2023, with construction starting in March 2024 and expected completion in early 2025 [2] - A second production line is set to be operational by 2026, following its announcement in September 2024 [2] Financial Performance - Organic revenue for Q3 2025 increased by 1.2% year-on-year to €289.7 million, with a notable 18% growth in sales in the Americas on a constant currency basis [3] - The Little Rock plant achieved its first profitable quarter during this period [3] Strategic Initiatives - Elopak's improved cash flow led to a reduction in net debt by €34 million during the quarter [4] - The CEO emphasized the significance of the profitability milestone in Little Rock and the investment in the third production line as a commitment to the Americas and sustainable packaging solutions [4] Product Development - In May 2025, Elopak launched a new paperboard product, Natural White Board, which can reduce the carbon footprint of packaging by up to 14% compared to standard board cartons [5] - The new product will be available across Pure-Pak cartons globally [5] - Earlier in the year, Elopak invested in Blue Ocean Closures, a Swedish manufacturer of fiber-based closures for packaging applications [5]
Elopak to add third production line at Arkansas carton plant
Yahoo Finance·2025-10-28 12:32