A packaging plant based in Esposende will invest around three million euros in the construction of a larger unit in the industrial zone of Vila Chã/Curvos, it was announced today.
In a press release, the municipality specifies that the investment will benefit from municipal aid of 19,950 euros, within the framework of a contract which approves the exemption from the municipal tax on expensive real estate transactions (IMT).
At stake is Esposack – Embalagens, a company founded in 2013 with a team of six people, in an installed area of 1,500 square meters, but which, following the “sustainable growth” in sales it has registered in over the years, between 15 and 20% per year, has been forced to disperse the work.
It currently occupies three individual buildings, covering a total area of about five thousand square meters, employing about 50 workers.
The company’s adaptation to new requirements has resulted in the inclusion in its portfolio of items such as paper straws (biodegradable) and protective equipment (surgical masks, caps and overshoes.
“Its manufacturing process is closely linked to sustainability and, therefore, the technologies adopted are aligned with production systems with low environmental impact,” the statement said.
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 an extended shelf life of food.
The Chamber of Esposende provides a set of incentives for business creation, such as reductions and exemptions from duties and taxes, in order to “create a favorable environment for investment”.
Over the past four years, more than €421,000 of investment support has been allocated.