BRAZIL – Canpack, a sustainable packaging maker and part of the Canpack Group, has announced plans to invest US$140 million (BRL710 million) to build a new can production facility in Minas Gerais, Brazil.
The plant will have a total initial installed capacity of approximately 1.3 billion cans per year and will meet the demand of Brazilian customers, including Heineken.
The start of work is scheduled for the last quarter of 2022, while operations are expected to begin in the first quarter of 2024. The new factory is expected to generate around 140 direct high-skilled jobs.
Canpack Brazil General Director Paulo said: “We are excited and proud to bring to the region the state-of-the-art greenfield manufacturing facility producing aluminum beverage cans, an infinitely recyclable packaging.
“We chose to expand in Poços de Caldas because of its strong economy and very business-friendly environment.”
The project has incentives from the municipal and state governments, including the transfer of the 167 thousand square meters of land where the factory will be built, in return for US$ 45,362 to be invested in education projects in the municipality.
“We thank the city authorities, especially Mr. Sérgio Azevedo, Mayor of Poços de Caldas, and Thiago Mariano, Secretary of Economic Development, for the warm welcome and are looking forward to becoming an integral part of the local community,” added Dias.
Canpack says the new facility represents a continued commitment to developing the Brazilian packaging sector.
Earlier this year, the company also announced a US$70 million (BRL 360 million) investment in an aluminum beverage can ends production facility in Manaus (Amazonas).
Together, the total value of both investments exceeds US$ 0.19 billion (BRL 1 billion), notes Andre Balbi, Group Chief Operations Officer.
According to ABRALATAS (Brazilian aluminum manufacturers association), the Brazilian beverage market is the 3rd largest aluminum beverage can market in the world, reaching 33.4 billion can sales in 2021, a 5.2% growth when compared to 2020.
ABRALATAS also claims the country has one of the highest recycling rates in the world for aluminum cans at 98.7% (the US, in comparison, currently recycles around 45% of beverage cans).
Liked this article? Subscribe to our regular email newsletters with the latest news insights from Africa and the World’s packaging and printing industry. SUBSCRIBE HERE.
