Colep Packaging and Envases Group to set up Mexican aerosol plant
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Colep Packaging and the Envases Group have signed a joint venture agreement for the construction of an aerosol packaging plant in Mexico.
The agreement, which is based on a 50/50 shareholding, will represent a total initial investment of more than 30 million dollars over a period of two years.
In a first stage, the new plant will focus its production on three aluminium aerosol lines. The aim is to serve customers in Mexico, as well as the entire Central America market using this production unit.
For Paulo Sousa, CEO of Colep Packaging, “this is an important step in delivering our company’s strategy, affirming its competitive position in the aerosol market and strengthening its activity in the aluminium segment, which began with the acquisition of 40% of the Spanish company ALM, in 2022.”
Martin Guaita, CEO of Envases Group, commented: “This new agreement reinforces and strengthens our group’s determination to continue with regional expansion in the manufacturing of aluminium and tinplate containers. This milestone consolidates our position in the American market, expanding our presence and reputation as leaders in the industry. Envases Group is delighted to partner with Colep Packaging, a combination of two highly complementary and well-invested businesses.”
This agreement, which brings together the expertise, market knowledge and standards of two of the most important players in the metal packaging industry, will make it possible to serve the North and Central America clients more closely and present a competitive offer in terms of portfolio, production capacity and lead times, reinforcing the high levels of service that characterise both companies and which are decisive in the current market context.
For both Envases Group and Colep Packaging, a RAR Group company, this is an important step in consolidating their growth journey and reveals their ambition to take a prominent position in new geographies, enabling the companies to respond closely and proactively to the challenges of the global packaging market.
