Packaging manufacturer Canpack S.A. plans to increase its manufacturing capacity of aluminium beverage cans with a new production facility in Brazil.
With a total investment of USD140m, this new facility represents Canpack’s continued commitment to developing the Brazilian packaging sector. The announcement of this new plant takes place only a few months after the company committed to investing USD70m in an aluminium beverage can ends production facility in Manaus (Amazonas).
Construction of the new plant expected to start in Q4 2022
Construction of the new facility in Poços de Caldas in the State of Minas Gerais is expected to begin in Q4 2022, and the plant is scheduled to commence production in Q1 2024. The installed initial total capacity of the plant will be 1.3bn cans a year, and its volumes will be geared towards meeting the demand of Brazilian customers. It is expected that the new production plant will bring around 140 high-qualified direct jobs to the Poços de Caldas region.
“We are dedicated to the Brazilian packaging industry and have been strengthening our presence in this dynamic market since the acquisition of Cia Metalic in December 2016,” says Andre Balbi, group chief operations officer. “This new investment, together with our other up-to-date investments in Brazil, will give us a better position to serve our customers’ growing needs for beverage cans and ends not only in Brazil, but in the South American region,” he adds.
Brazil third largest market for aluminium beverage cans
According to Abralatas, the Brazilian beverage market is the third largest aluminium beverage can market in the world, reaching 33.4bn can sales in 2021, a 5.2 % growth compared to 2020, with a recycling rate of 98.7 %, one of the highest in the world.