Closures firm spends €11 million on new plant
Italian-based Guala Closures has invested €11 million in a new aluminium processing plant.
The firm, which produces non-refillable closures for spirits and wines, says the aluminium printing and cutting facility in Magenta, near Milan become the world's fastest painting and lithography centre by 2012, with technology forecast to last 25 years.
It will have two new production lines, including one with a chromium-free aluminium treatment process and an eco-painting system that does not use solvent-based paints. It is also set to reduce waste and optimise production efficiency.
Guala Closures' aluminium printing plant in Basaluzzo will be closed but jobs from this plant will be transferred to company headquarters in Spinetta Marengo, Alessandria and specific training programmes organised to ensure employees acquire the skills required. The 56 jobs at the newly acquired Magenta plant are also secure.
Guala Closures chief executive, Marco Giovannini sais: "The acquisition of Metalprint and investment in new, ultra-modern and environmentally friendly technology will allow us to strengthen our position in the market and ensure we are at the forefront of industry trends on behalf of our customers.
In May this year Guala Closures acquired Bulgarian company, Danik. It distributes 8 billion closures in 60 countries.
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