Line of credit will double glass melting capacity of PRODUVISA
PRODUVISA, located in Cagua (Aragua state), has produced glass containers, mostly for the soft drink and liquor industries and to a lesser extent for food, beer and others, since its foundation in 1917. Production capacity is 572 tons a day with a workforce of over 1,000 employees.
Under the agreement signed with CAF, the company will double its daily glass melting capacity (from 110 to 220 tons/day) and raise its total production to 785 tons/day.
The agreement provides finance for an operation to acquire machinery and equipment to repair and start up No:2 furnace, which will incorporate the latest technological advances from Owens Illinois. The furnace control system will be totally computerized and the new machines will be electronic. The result will be a product of optimal quality, which will supply both local demand and generate an exportable of offer.
The agreement was signed in CAF headquarters by CAF President & CEO Enrique García, and PRODIVISA finance manager Ricardo Mata Fernández.
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