Madagascar’s leading corrugated cardboard manufacturer completed a six-year investment period with Adenia, sustaining 207 jobs and earning national recognition for workplace conditions, before a successful exit in October 2025. A model for what “impact at exit” looks like in practice.
The opportunity
Manufacturers and food producers in the Indian Ocean region rely on dependable, high-quality packaging. Newpack wanted to modernise its production and serve more customers across the region.
Adenia’s approach
- Supported investment in production capacity and equipment.
- Worked with management on operational efficiency and quality.
- Embedded environmental and safety standards in manufacturing.
Impact highlights
- Stronger local packaging supply for regional customers.
- More efficient, modern production lines.
- Better environmental and workplace safety practices.
Looking ahead
Newpack aims to keep growing its customer base and developing more sustainable packaging solutions.