Venezuela to receive over $ 40 million in international investment to revive paperboard factories

An international investment exceeding $40 million is the starting point for the recovery and modernization of Venezuelan paperboard plants, according to announcements by government officials.

This project is being developed jointly by “the Executive Vice Presidency of the Republic, the Ministry of Industry, the Ministry of Labor, and the International Center for Productive Investment (CIIP).”

This investment will allow for the modernization of equipment in Venezuelan paperboard factories, as well as “the incorporation of new technologies, with the aim of guaranteeing job stability and strengthening national production,” states the Ministry of Industry website.

Venezuela seeks to cover domestic demand for paperboard packaging in key sectors such as food, pharmaceuticals, and consumer goods, significantly reducing its dependence on imports.

The project is expected to generate hundreds of new direct and indirect jobs, “contribute to the dynamism of the national industry, and open the possibility of exporting surpluses in the medium term, thus making the paperboard sector a strategic link in the country’s production chain.”

M.Pino

Source: ultimasnoticias

(Reference image source: Luke Heibert on Unsplash)

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