JBL - Jabil invests $25M for expansion plans for paper bottle technology

Jabil ([[JBL]] +1.8%) has announced expansion plans for its newly acquired paper bottle technology with a $25M investment in subsidiary Ecologic’s Manteca, California.New automation and machinery will increase packaging capacity for North American and European markets. “The expansion of these two facilities will result in a significant increase in packaging capacity for the North American and European markets, helping CPG brands in pursuit of challenging sustainability goals.” said Jason Paladino, senior vice president of Jabil and CEO.

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Jabil invests $25M for expansion plans for paper bottle technology