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Jabil Announces $25M Investment in Ecologic's Manteca Subsidiary For New Paper Bottle Plant


Benzinga | Mar 11, 2021 08:49AM EST

Jabil Announces $25M Investment in Ecologic's Manteca Subsidiary For New Paper Bottle Plant

Jabil Inc. (NYSE:JBL) today announced expansion plans for its newly acquired paper bottle technology with a $25 million investment in subsidiary Ecologic's Manteca, California, location and the buildout of a new paper bottle plant in its Sustainability Center of Excellence in Tortosa, Spain. This expansion will create the first paper-based scaled technology in the market, as Jabil delivers Ecologic's innovative pulp molding capabilities to new geographies and enables production of hundreds of millions of new paper packages.






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