Impress, the metal packaging manufacturer, is targeting the Peruvian market for steel and aluminium cans through a joint venture with Chilean can maker Inesa.
Impress and Inesa will have equal shares in the new company, 2I, which will focus on Peru's growing food markets, particularly locally-sourced seafood.
The joint venture is expected to obtain a 30-40% market share within the next three years.
Inesa has recently completed the construction of a new production plant in the country, while Impress will continue to import from Europe and North America.
Francis Labbé, Impress chief executive, said the joint venture would "provide an exceptionally strong supply base for major customers in Peru".
Inesa chief executive Guillermo Canales said it would "create an important player" in the Peruvian packaging market.
Family-owned Inesa has production facilities across Latin America making tin plate cans and ends as well as plastic and aluminium closures.
Impress produces metal packaging for a range of industries from 60 plants in 21 countries.
Impress and Inesa will have equal shares in the new company, 2I, which will focus on Peru's growing food markets, particularly locally-sourced seafood.
The joint venture is expected to obtain a 30-40% market share within the next three years.
Inesa has recently completed the construction of a new production plant in the country, while Impress will continue to import from Europe and North America.
Francis Labbé, Impress chief executive, said the joint venture would "provide an exceptionally strong supply base for major customers in Peru".
Inesa chief executive Guillermo Canales said it would "create an important player" in the Peruvian packaging market.
Family-owned Inesa has production facilities across Latin America making tin plate cans and ends as well as plastic and aluminium closures.
Impress produces metal packaging for a range of industries from 60 plants in 21 countries.
Source: packagingnews
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