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November 11, 2019

Verallia invests $36.3m in Spanish Burgos plant upgrade

Glass packaging company Verallia has invested €33m ($36.3m) for the modernisation of its production facility in Burgos, Spain.

Glass packaging company Verallia has invested €33m ($36.3m) for the modernisation of its production facility in Burgos, Spain.

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Verallia Spain and Portugal general manager Paulo Pinto has announced the investment during the plant’s 50th-anniversary celebration.

One of the two facility’s furnaces has been reconstructed.

With the investment, the facility’s production capacity has increased by 7% to 600 million glass bottles a year.

The plant’s seven production lines can manufacture eight different models, including standard or customised bottles at the same time.

Verallia chairman and CEO Michel Giannuzzi said: “With this new furnace, the Burgos plant has state-of-the-art technology for the manufacture of glass bottles mainly for the wine and spirits markets.

“Our policy of sustained investment in Spain and in all our plants enables us to improve the operational excellence of our industrial facilities in order to become the preferred supplier of glass packaging.”

To meet the company’s environmental commitments, the new development involved using technology and materials that increase energy efficiency and environmental impact of the plant.

It will help to cut fossil fuel consumption and CO₂ emissions.

Verallia also focused on the Burgos plant’s ergonomics and safety during the renovation process to improve employees’ working condition.

The company will modernise the second furnace at the plant with an additional investment of €10m ($11m) in 2020.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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