GREECE (News release) -- DS Smith announces a significant investment plan to be implemented in the next two years across its three packaging sites in Greece.

The Euro 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity in the East European market.

Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste.

DS Smith is a leading provider of sustainable fibre-based packaging worldwide.