Vetropack to Invest CHF 400 Million to Build New Plant in Italy

Specifications:

Name:

Vetropack to Invest CHF 400 Million to Build New Plant in Italy

Location:

Milan

Company:

Vetropack

Estimated Cost:

CHF 400 Million

Source:

https://www.vetropack.com/

Introduction:

The Vetropack Group, one of Europe's leading glass manufacturers, is investing over CHF 400 million in a new plant for the traditionally important Italian market.

Features:

The new, state-of-the-art production plant is being built on the site of the former Reno di Medici paper mill and covers an area of 347,000 m2, 170,000 m2 of which will be used for the actual production facilities. Like in the old plant, two furnaces will be put into operation at first. Compared to the previous site, however, the manufacturer expects an increase in production capacity of around 70 per cent.

The infrastructure is geared towards capacity expansion, as Vetropack anticipates positive market development in Italy and beyond in the medium term. All 301 employees of the previous site have been offered a transfer. Despite a significant increase in production volume per employee, the workforce will even continue to grow. New and existing employees have already been trained for the new production equipment since 2020.

Production is expected to start in Boffalora sopra Ticino near Milan in the second quarter of 2023. The new high-tech site offers more flexibility in production with higher capacities and a focus on sustainable processes.