Verallia announces the construction of a greenfield in Brazil

The project will take place in Estancia in the state of Sergipe, with a strong support of the State Authorities.Verallia has just signed a tentative agreement with the Viera family to establish a capitalistic partnership with Ipiaram Empreendimentos e Participações, a Brazilian company based in Sergipe.The parties should finalize their agreement by the end of the year.

The greenfield will require an investment totaling more than 200 million Brazilian Reals (approximately 70 million Euros) and should begin its activity in 2015.

For Verallia, this plant is the fourth production facility in Brazil and the first in the Northeastern part of the country, of which growth potential is one of the highest in 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 produce glass bottles and jars for food and beverages and 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, C.E.O of Verallia.

About VERALLIA

Verallia, a largest global manufacturer of glass containers for the food and beverage industry, provides innovative, customized and eco-friendly packaging solutions for approximately 10,000 customers worldwide. As the leading global supplier of glass containers to the wine, spirits and food markets, Verallia manufactured nearly 25 billion glass bottles and jars in 2012. Verallia’s business model is built upon the combination of the strength of its worldwide network (industrial presence in 14 countries, commercial presence in 46 countries, and ten research and innovation centers) and the proximity maintained with customers by its approximately 14,300 employees. In 2012, Verallia had combined net sales of € 3.8 billion.

For more information: www.verallia.com