PaperFoam Gets €2Mn Loan to Expand Sustainable Packaging Production

The company will use the funding to expand its production facility in the Czech Republic. It will also strengthen working capital for its manufacturing plants in Malaysia and the United States.

Invest International is a Dutch government-backed organisation based in The Hague. It supports Dutch and Dutch-linked businesses by providing funding, knowledge of international markets and industry expertise.

Jeroen Plag, Chief Investment Officer at Invest International, said, “PaperFoam is a great example of a Dutch innovator that has travelled a difficult path from promising technology to an internationally scalable company. Our involvement dates back to 2020, when we supported the company during its first expansion into the Czech Republic.

“With this new investment, we’re helping to enable the next phase of growth at a time when traditional financiers still view it as too risky. For the Netherlands, it’s crucial that we help green leaders in the manufacturing industry scale up. This way, we retain innovation within our own country and demonstrate that sustainability and international competitiveness go hand in hand.”

Willem Derkman, CEO of PaperFoam, said, “Developing an innovative and sustainable alternative to traditional packaging requires time, investment, and partners who are willing to look further ahead. Thanks to the ongoing support from Invest International, we have been able to take important steps in our international growth. This funding helps us further expand our production capacity and efficiently serve new markets and clients.”

Founded in 1998 by Vertis Holding, a former Dutch IT company, PaperFoam is based in Barneveld, the Netherlands. The company develops biodegradable packaging made from starch and natural materials. It has production facilities in the Netherlands, the Czech Republic, the United States and Malaysia.

PaperFoam B.V. is owned by PaperFoam Holding B.V. Since March 2023, Japanese publicly listed company Nissha Co. Ltd. has held a 30% stake in PaperFoam Holding. The remaining 70% is owned by Dutch company Sustainable Pioneers Holding B.V.

PaperFoam develops packaging using starch and natural fibres. Its products offer an alternative to traditional plastic and paper packaging. The company uses patented technology to turn natural raw materials into lightweight packaging.

The company's packaging is designed to have a very low carbon footprint. It is also fully compostable, while its natural fibres can be recycled into paper.

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