Tunisian container glass
manufacturer Sotuver Glass Industries has increased its capital in cash by 27.2
million dinars to 46.3 million ($16.8 million).
Founded in early 2020, the 100% owned subsidiary of Sotuver aims to produce food glass packaging.
The organisation will have a new factory, which will be located in the industrial zone of Djebel Oust in the Governorate of Zaghouan.
It will have an annual production capacity of 90,000 tonnes, of which about 75% will be exported to Europe, the Middle East and Africa.
The start of production is scheduled for the second half of 2021 and the investments will be around 110 million dinars ($40.1 million)