Canpack’s holding company among top investors in Poland

Giorgi Global Holdings, the parent of canmaker Canpack Group, has been ranked among the top US investors in Poland by shareholder funds.

The holding company of the Kraków-based canmaker was second position by fund ranking. It was third by asset value and sixth by operating revenue, according to the latest American Chamber of Commerce in Poland (AmCham) report issued in April 2020.

The AmCham research into American investment in Poland highlights the important role US capital, technology and know-how continue to play in the country’s economic success. US investments stimulate industry, influence the development of local communities and generate employment growth in various regions in Poland.

“We are happy to be in a successful strategic partnership with Giorgi Global Holdings for so many years,” said Roberto Villaquiran, chief executive of Canpack Group.

“Thanks to our owner’s continuous support and disciplined investment in equipment, technology and knowhow over the past 30 years Canpack, headquartered in Kraków, has developed rapidly and has become a leading manufacturer in the beverage packaging industry in central and eastern Europe, and expanding its position globally.”

Based in the US at Wilmington in Delaware, the Giorgi group also has interests in food packing, primarily of mushrooms, and metal packaging.

According to the AmCham data, Poland remains an attractive market for US investments. US companies are the second largest group of foreign investors in Poland (11 per cent of all foreign direct investments) with a significant influence on the Polish economy. Active assets in Poland held by US investors is more than US$54 billion (224bn).

The AmCham also estimates that the strong investment and growth of US companies have committed around $63bn over the last three decades and sustained more than 250,000 jobs both direct and through value and supply chains. The report also shows that more than half of US investment in Poland is related to the industrial sector and manufacturing.