POLAND – Canpack, one of the largest manufacturers of aluminum beverage cans, will be investing over US$80 million in expanding production capacity of its beverage cans manufacturing plants in Russia and Colombia by more than 1 billion cans annually.
The investment will see the company increase the production capabilities of its Colombian facility by 46% from the current 1.3 billion cans to 1.9 billion cans annually.
In Russia, Canpack said that it will also increase its annual capacity by 34% from 1.9 billion cans to 2.55 billion cans. The expansion is expected to add more than 150 full time employees (54 in Colombia and 97 in Russia).
Canpack said that the new expansion comes as companies in Colombia and Russia seek additional capacity for their products, an increase that is driven by both a focus on environmental sustainability, as well as a growth in sales.
Roberto Villaquirán, CEO of Canpack Group commented. “We are excited to increase capacity in these markets and continue to offer clients a wide range of aluminum packaging innovations.
“With a renewed focus on environmental sustainability and continued growth from sectors beyond beer, soft drinks and energy drinks like wine, coffee, teas and water, more brands are turning to CANPACK to help them bring products to market.”
While Canpack is expanding capacity overall in both markets, the company explained that the new line in Russia will be focused on expanding capacity for the 449cl format, which is preferred by beer producers and consumers.
In Colombia, Canpack offers the 269 FIT, 330 STD, 355 STD and 473 STD formats, while in Russia, the company produces the 25cl, 33cl, 33cl fit, 449cl and 50cl formats.
In November last year, Canpack inaugurated its brand-new US$150 million can production facility located in Tocancipa, Colombia. The site covers approximately 75,000 square meters and has an annual capacity of 1.3 billion cans.
The increased need for metal cans and growing market of ready-to-drink (RTD) coffee and tea is anticipated to boost the growth of the market by US$5.87 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period, according to Technavio.