Lucart has announces the acquisition of a logistics hub in the Hellieule business park in Saint-Diè-des-Vosges, France.
The investment is part of the company’s plans to boost its presence in the country and across Europe, boosting its presence in the Vosges region where the company’s production activity is based.
It is expected that the logistics hub will be fully operational during the first quarter of 2024 and will improve the storage and shipping capabilities of products manufactured by Lucart at the Laval-sur-Vologne plant.
It is a 22,000-square-metre building built on 10 hectares of land with a storage capacity of 20,000 pallet columns.
The site was created to concentrate finished product stocks before they are shipped to customers in France, Germany, the Benelux and Northern Europe.
The large area will allow for future expansion of the logistics hub to support the company’s expected growth.
Alessandro Pasquini, President of Lucart’s French subsidiary, said: “The acquisition of this new site marks the turning point in our project to create a new logistics hub.
“Before opening it, we need to adapt the facility to meet our specific operational requirements.”
The company added that despite the “sharp rise in prices and raw materials, the French subsidiary of the Lucart Group is continuing to grow and the opening of the new logistics hub in 2024 marks the first step in the implementation of the Strategic Plan envisaged for the coming years.”
In 2022, the French company produced 65,000 tonnes of paper and achieved a turnover of €130m.