Rigesa sells equipment of Valinhos folding carton plant

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Rigesa sells equipment of Valinhos folding carton plant

December 05, 2014 - 06:29

SAO PAULO, Dec. 5, 2014 (RISI) -MWV Rigesa auctioned on Nov. 26 equipment of itsformer folding carton plant located in Valinhos, São Paulo state, southern Brazil, which was shut in May 2013. The company planned to sell about 66 pieces of machinery, including presses, plotters, printers, hydraulic lifts and fans, among other items.

Since the folding line was shut, the Valinhos unit has been receiving investments to increase the production of sprays and dispensing valves, following the company's goal to increase market share in the Beauty & Personal Care sector in Brazil. In June, MWV Rigesa announced that the Valinhos plant expansion was concluded after 370 days of preparation.