Today it was announced that a packaging plant installed in Esposind has invested nearly three million euros in the construction of a larger unit in the industrial park of Villa Cha / Corvus.
In a statement, the municipality said the investment would benefit from a municipal support of €19,950, under a contract agreeing to exemption from the municipal tax on onerous real estate transactions (IMT).
At stake is Esposack – Embalagens, a company founded in 2013 with a team of six, in a compound area of 1,500 square meters, but as a result of “sustainable growth” in sales recorded over the year, between 15 and 20% in Year, they were forced to break up the work.
It currently occupies three individual buildings, covering a total area of about five thousand square meters, and employs about 50 workers.
Photo: d
The company’s adaptation to the new requirements has led to the inclusion in its portfolio of items such as paper straws (biodegradable) and protective equipment (surgical masks, hats and shoe covers.
“Its manufacturing process is closely linked to sustainability, and therefore, the technologies adopted are compatible with production systems with low environmental impact,” the statement says.
In this sense, the company is developing an innovative project, together with the Iberian Nanotechnology Laboratory, with the aim of creating a 100% organic, recyclable and biodegradable packaging that allows to extend the shelf life of food.
The Esposende Chamber offers a range of incentives for company incorporation, such as reductions and exemptions from fees and taxes, in order to “provide an environment conducive to investment”.
In the past four years, more than 421 thousand euros have been allocated to support the investment.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
