In February 2018, Hewlett-Packard revealed the purchase of 10 new HP Indigo 20000 digital presses by ePac Flexible Packaging. The order is ePac’s second expansion with the presses and will quadruple the converter’s production ability. It also marks the biggest packaging deal ever for HP. In May of 2016, at its launch in Madison, Wisconsin, ePac relied on just one HP Indigo press to meet demands. Now, in a rapidly-growing market, the converter will use the 10 new units across facilities opening in Los Angeles, Houston, Chicago, and Miami, running two presses in each ePac location.
According to Smithers Pira, digital flexible packaging market is expected to increase at a compound annual growth rate of more than 17 percent through 2022. By then, the market may be worth upwards of $750 million. ePac is investing in the HP Indigo 20000 because of its ability to print most any size of flexible packaging with limitless variation and exceptional quality. Additionally, the press allows the converter to meet demands with cost-effective short runs, quick turnaround times, minimal setup, and production of the exact quantities needed.
Link to Article: https://globenewswire.com/news-release/2018/02/12/1339007/0/en/HP-Announces-Major-Digital-Packaging-Expansion-in-US.html