Vidrala Investment Plans

Vidrala expects to invest Euros 25M this year to improve its glass container factory at Llodio in Spain and its recently acquired Ricardo Gallo factory in Portugal. About Euros 15M will be spent on furnace repairs and improvements at Llodio to increase melting capacity by 10% while the Gallo operation will gain a new warehouse. Following its acquisition of Ricardo Gallo last year, Vidrala now holds 20% of the glass container market in Portugal and Spain and can produce 600,000/tpy. Its priority at present is to complete the integration of Ricardo Gallo, but the firm could make further acquisitions.