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Saturday 19 June 2021
HomeNewsTunisia: SOTUVER Glass Industries to increase capital by 27 MD

Tunisia: SOTUVER Glass Industries to increase capital by 27 MD

The capital of SOTUVER Glass Industries will be increased in cash by 27.2 million dinars to 46.3 million, according to an information notice published in the Annonces Légales.

Created at the beginning of 2020, the 100%-owned subsidiary SOTUVER is dedicated to the production of food glass packaging.

The new plant will be located in the industrial zone of Jebel Oust in the Governorate of Zaghouan, and will have an annual production capacity of 90,000 tons, of which about 75% will be exported to Europe, the Middle East and Africa.

The start of production is scheduled for the second half of 2021 and investments will be around 110 million dinars.

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