Consumer Packaging - Start-Up Of Italian Operation

Canadian glass group, Consumer Packaging, is reported to have invested an estimated ItL60bn (US$36.4m) in reviving an existing container glass business near the town of Teramo, in the central Italian region of Abruzzo. For the purpose, the Canadian firm set up a company, Consumers Glass Srl, which temporarily leased the glassworks from the receivers. Finalization of the next phase was dependant on the acquisition of the premises by the Canadian group. The aim is to increase production capacity, which will involve the creation of about 100 new jobs. (whole item)