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Recycled paper packaging growth drives £104m investment

DS Smith has invested £104 million to buy and modify M-Reals New Thames Paper Mill (NTPM) to take advantage of a growing market for recycled corrugated case material (CCM).The deal is part of DS Smiths plan to produce CCM at its own mill at Kemsley, Kent, which is next to NTPM. The company has also bought the 50% balance of Grovehurst Energy, which supplies NTPM energy and services. DS Smith chief executive Tony Thorne explained: This development will strengthen ...