EFFECTIVE INVESTMENTS TO INCREASE CAPACITY
Verallia, the leading European and the third-largest producer globally of glass containers for food and beverages, announces the construction of two additional furnaces by 2025 and 2026 to increase its capacity production and respond to market’s needs.
These two new additional furnaces will be located in Spain and Italy, by 2025 and 2026.
GOING FURTHER IN VERALLIA’S INVESTMENT PLAN
In the framework of the 2022-2024 strategic plan, the Group announced to build three new furnaces, one per year, to increase production capacity by around 400 kilotonnes/year by 2024.
In line with this strategy, the first furnace was commissioned at the Jacutinga plant (Brazil) at the end of 2022.
Two others – which are already under construction – will be fully operational during 2024, in Campo Bom (Brazil) and Pescia (Italy). They will be both powered by oxy- combustion, reducing CO2 emissions by 18% compared to traditional technology.
With today’s announcement of two additional furnaces, Verallia is completing its capacity footprint to meet customer needs in the coming years. These two new furnaces will incorporate new technologies to support the Group sustainable growth.
Patrice Lucas, CEO of Verallia declared:
“We are walking the talk. As committed with our strategic plan, we are building additional capacity: Jacutinga has been launched, Campo Bom and Pescia projects are progressing as planned. With this announcement of two additional furnaces in Europe by 2026, we are pursuing our ambition to follow customers’ and market’s needs, to sustain our sustainable profitable growth“.
The Group’s annual results will be announced on February 15, 2023.
