DS Smith human resources director Brian Wark said that the site had been making substantial losses for a number of years and would probably close this year.
Despite the skills and commitment of the workforce its not been possible to find a way to return the site to profitability, said Wark.
The Govan plant had 61 workers when it transferred to DS Smith earlier this year, but there have been redundancies. Around eight of its current 49 staff have expressed interest in transferring to DS Smiths plant in Dumbarton. Wark added that those not wishing to transfer would be provided with help in finding other jobs.
DS Smith bought Macfarlane Groups northern corrugated packaging division in October for 900,000.
Have your say in the Printweek Poll
Related stories
Latest comments
"Thank you for the opportunity to comment on this Jo, and PrintWeek!
Please feel free to get in touch with the Howden Print Team to arrange your own Free of Charge Cyber Micro-Penetration Test to help..."
"I never quite understand the statements such as "achieved such a positive outcome for this well-established business".
The established business unfortunately failed and no longer exists, a..."
"Genuinely sorry to read this."
Up next...

Commitment, presence and energy will be much missed
Tributes paid to Lascelle Barrow

Around 300 roles may be affected
International Paper to close five UK packaging sites

Asset ownership delayed process
Reflections to be liquidated

'Start of a new era'