The Corspack cardboard packaging factory, part of the Violeta group, was opened on Tuesday in Grude, Bosnia and Herzegovina.

Forty million euros has been invested in the factory, with an annual production capacity of 60,000 tonnes.

The state-of-the-art facility has machines from Germany, Sweden, Italy, the Netherlands, and Japan.

According to the company, half of the packaging will supply the BiH market, while the rest will be exported to Croatia, Slovenia, North Macedonia, and Montenegro.