CDG Invest, under its Génération Entrepreneurs program, has recently announced a significant investment in Strapack Morocco, a pioneering company in the production and commercialization of polypropylene (PP) and polyethylene terephthalate (PET) strapping tape, alongside associated strapping machinery.
Founded in 2019, Strapack Morocco stands as the first Moroccan company specializing in this niche, breaking away from the reliance on imports by establishing local production. The company’s innovative approach is driven by 100% Moroccan expertise, aligning with stringent international quality standards. Strapack’s products ensure maximum safety for packaged goods while substantially reducing packaging costs. Additionally, the company’s commitment to sustainability is evident in its range of fully recyclable products.
CDG Invest’s capital injection aims to accelerate Strapack’s growth, with a twofold objective: to solidify its leadership position in the Moroccan strapping tape market and to expand its reach internationally, particularly in neighboring countries. This investment will enhance the company’s technical capacities, financial resources, and human capital, enabling it to broaden its product offerings to meet diverse industrial needs. By providing immediate availability compared to typical import timelines, competitive costs, and uncompromising quality, Strapack is poised to become a key player in the industrial packaging sector.
CDG Invest believes in Strapack’s significant potential impact on the industrial packaging sector and is committed to supporting its journey towards becoming an indispensable partner for companies in the industry.
The Génération Entrepreneurs program by CDG Invest is dedicated to fostering ambitious entrepreneurs capable of driving rapid growth in Moroccan companies and contributing to the productive transformation of the national economy. Offering financial support of up to 20 million Dirhams (USD2 million), alongside strategic guidance throughout the investment cycle, this program acts as a catalyst for success for innovative companies in the industrial and service sectors.
Since its inception in 2019, Strapack Morocco has been at the forefront of revolutionizing the industrial packaging sector in Morocco. By shifting from import dependence to local production, the company has managed to adhere to international quality standards while maintaining a focus on sustainability. The fully recyclable nature of its PP and PET strapping tape products positions Strapack as a forward-thinking entity within the industry.
CDG Invest is a prominent investment arm dedicated to supporting the growth and development of Moroccan enterprises. Through its Génération Entrepreneurs program, CDG Invest provides substantial financial backing and strategic support to promising companies, aiming to drive economic transformation and enhance productivity across various sectors.
With this latest investment in Strapack, CDG Invest reinforces its commitment to nurturing innovation and supporting the scaling of Moroccan businesses on both national and international stages.