May 16, 2020

Smurfit Kappa announces $153mn investment at its Austrian mill

Packaging
Smurfit Kappa
Sustainability
profitability
Sean Galea-Pace
2 min
Smurfit Kappa has confirmed a $153mn investment at its Austrian mill as part of the firm’s Future Energy Plant project.
The Ireland-based corrugated packaging company, Smurfit Kappa, has announced a $153mn investment at its Austrian mill as part of the firm’s Future Ene...

The Ireland-based corrugated packaging company, Smurfit Kappa, has announced a $153mn investment at its Austrian mill as part of the firm’s Future Energy Plant project.

In a ceremony to mark the rebuild of a recovery boiler at its Nettingsdorf Paper Mill, the event was presided over by the Governor of Upper Austria and the Mayor of Ansfelden.

It is expected that the introduction of the boiler will allow the plant to further increase its energy optimisation at the mill, having already experienced a 34% rise in productivity since it became part of Smurfit Kappa in 1995, in addition to allowing profitability and sustainability to be significantly improved.

Laurent Sellier, COO of Smurfit Kappa Paper, Europe, commented: “At Smurfit Kappa, we strive for sustainable business. The Future Energy Plant project is part of a larger investment programme by the Smurfit Kappa Group to further improve sustainability.”

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“This investment will enable us to ensure a long-term supply of high-quality, sustainable containerboard - something our customers have come to expect from us.” 

Through the Future Energy Plant project, it is anticipated that Smurfit Kappa will also implement a new steam turbine and a number of extensions and adjustments to upstream and downstream plants over the next two years.

Nettingsdorf is considered one of the company’s most efficient paper mills and is recognised as being one of the leading producers of kraftliner in Europe.

The mill was founded in 1851 and currently has over 360 employees.

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May 11, 2021

Four Factory of the Future Market Trends to Keep an Eye on

AI
Automation
DigitalFactory
SmartManufacturing
Georgia Wilson
2 min
Factory of the Future | Smart Manufacturing | Technology | Digital Factory | Digital Transformation | Innovation
Manufacturing Global looks takes a look at the latest market trends in smart manufacturing, industrial automation, smart factory and AI...

Global Smart Manufacturing Market

Attributed to the rapid growth in the adoption of automated systems in industrial processes, the global smart manufacturing market is predicted to grow from US$$175bn (2020) to US$303bn by 2026 with a compound annual growth rate (CAGR) of 6.4% between 2019 and 2026.

While COVID-19 has somewhat slowed down the market’s growth, it is expected that by the second to third quarter of 2023 there will be a ‘considerable’ rise in growth for the market. 

Key players in the industry: Schneider Electric, General Electric, Siemens, Honeywell International Inc., Rockwell Automation Inc., FANUC Corporation, and Emerson Electric Co. 

Industrial Automation Market

Making people’s lives easier, and their work more accurate and effective, the global demand for automated technologies such as robotics - especially in science and technology - is driving its increase in global market value.

By 2027, the global industrial automation market is expected to reach US$326.14bn by 2027, with a CAGR of 8.9% between 2020 and 2027.

Key players in the industry: ABB, Siemens, General Electric, Schneider, Endress+Hauser, Yokogawa, Honeywell, WIKA, Azbil, Fuji Electric, 3D Systems, and HP.

Smart Factory Market

Expected to grow from US$80.1bn (2021) to US$134.9bn by 2026, the smart factory market - with a CAGR of 11% between 2021 and 2026 - is experiencing growth driven by fiscal policies adopted to keep manufacturing facilities afloat during COVID-19. 

Other driving factors include resource optimisation, cost reduction in production operations, increased demand for industrial robotics, rising demand for technologies, and the growing significance of energy efficiency. 

Key players in the industry: Emerson Electric Co., General Electric, Rockwell Automation, Inc., Schneider Electric SE, ABB Ltd., Siemens AG, Mitsubishi Electric Corp., Honeywell International Inc., Endress+Hauser AG, and Yokogawa Electric Corp.

Artificial Intelligence (AI) in Manufacturing Market

“It is undeniable that the manufacturing industry is at the forefront of artificial intelligence implementation,” says Analytics Insights. “Manufacturers are using AI-powered analytics to increase performance, product quality, and employee protection, from substantial reductions in unplanned downtime to better crafted goods.”

As manufacturers look to realise the potential benefits of artificial intelligence (AI) in their processes, it is predicted that the AI in manufacturing market will grow to US$11bn by 2025 with a CAGR of 54.6%.

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