CANPACK S.A., part of the CANPACK Group, and a global leading manufacturer of sustainable packaging announced today it will increase its manufacturing capacity of aluminum beverage cans with a new production facility in Poços de Caldas, in the State of Minas Gerais, Brazil. Officials from CANPACK along with state and local officials and economic development leaders jointly announced the new facility following the approval of the project earlier today, with economic development incentives provided by both the state and local governments.
With a total investment of approximately BRL 710 million (USD 140 million), this new facility represents CANPACK’s continued commitment to developing the Brazilian packaging sector. The announcement of this new plant takes place only a few months after the company committed to investing BRL 360 million (USD 70 million) in an aluminum beverage can ends production facility in Manaus (Amazonas). The total value of both investments exceeds BRL 1 billion.
Construction of the facility in Poços de Caldas is expected to begin in the last quarter of 2022, and the plant operation is slated to commence in the first quarter of 2024. The installed initial total capacity of the new plant will be approximately 1.3 billion cans per year, and its volumes will be geared towards meeting the demand of Brazilian customers. It is expected that the new production plant will bring around 140 high-qualified direct jobs to Poços de Caldas region.
more at: https://www.canpack.com/news/canpack-group-to-invest-brl-710-million-usd-140-million-in-greenfield-aluminum-beverage-can-plant-in-pocos-de-caldas-brazil/