Food and drink packaging group Verallia has decided to speed-up its development in Brazil with the construction of a €70 million greenfield plant in the north east of the country.
The project will take place in Estancia in the state of Sergipe, with strong State Authorities support.
Verallia has signed a tentative agreement with the Viera family to establish a partnership with Ipiaram Empreendimentos e Participações, a Brazilian company based in Sergipe.
The parties should finalise their agreement by the end of the year.
The site will produce glass bottles and jars for the food and beverage industries and should begin activity in 2015.
It is Verallia’s fourth production facility in Brazil and the first in the north east of the country.
The site will employ around 485 people during the construction phase and 195 (including sub-contractors) when fully operational with a first furnace. It will primarily serve the Northeastern market.
“Verallia’s increased presence in Brazil is part of its development strategy in fast growing countries. It represents its first establishment in the Northeastern region, today Brazil’s third economic power, and of which growth prospects are very promising” said Jérôme Fessard, CEO of Verallia.
