CANPACK Group to Invest $140 Million in Greenfield Aluminum Beverage Can Plant in Poços de Caldas, Brazil

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/

Related Posts

Next Generation Koenig & Bauer Rapida 145 Eight-Color Press Plus Coater Creates Additional Opportunities at Calumet Carton (whattheythink.com)

When the highly-anticipated next generation Koenig & Bauer Rapida 145 eight-color press plus coater arrived on the pressroom floor at Calumet Carton, the leading producer of mailers and packaging products, the South Holland, IL manufacturer fulfilled one of its primary goals to continually reinvest in today’s most modern state-of-the-art equipment for its valued well-known customers. “We are proud to be operating this next generation offset press from Koenig & Bauer,” says Gina Inwood, vice president at Calumet Carton. “In today’s competitive marketplace, we need to provide the utmost speed, automation, and efficiency for our packaging customers, allowing them to offer color consistent eye-popping packaging within tight deadlines. This press, one of the first in North America, sets us apart from our competition, creating additional opportunities and offering lightning-fast production speeds.”

Colbert Packaging Expands Manufacturing Capacity with New Eterna Equipment Additions

Colbert Packaging Corporation announced the installation of two new Eterna blanking die cutters. The Eterna Line ECUT 1060 Elite ER is a welcome addition to Colbert’s Kenosha, WI, and Elkhart, IN, production facilities, adding die-cutting capacity to complement recent printing press installations. The precision-tight registration of the Elite ER delivers precise cutting, especially critical to the stringent packaging quality requirements of the pharmaceutical and consumer packaged goods industries. As an added benefit, tooling is compatible with Bobst Group Technology, the recognized standard for packaging equipment.

Cascades Reports Results for the First Quarter of 2023

Q1 2023 Highlights • Sales of $1,134 million (compared with $1,135 million in Q4 2022 and $1,038 million in Q1 2022) • Operating loss of $(80) million (compared with $(20) million in Q4 2022 and $(4) million in Q1 2022) • Net debt1 of $2,070 million as of March 31, 2023 (compared with $1,966 million as of December 31, 2022). Net debt to EBITDA (A) ratio1 of 4.6x, down from 5.2x as of December 31, 2022.
Back To Top
×Close search
Search