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Italian-Cuban joint venture to cover 70 pct of glass demand

Italian-Cuban joint venture to cover 70 pct of glass demandHAVANA, Cuba, Sep 20 (ACN) A plant run by the newly created Cuban-Italian joint venture Vidrios Mariel S.A, to be built in the Mariel Special Development Zone (ZEDM), will cover 70 percent of the country´s demand of glass containers for beverages, drugs and other uses.

According to information published on the official page of the ZEDM, the facility will have environmentally friendly technologies, and will cost some 90 million dollars. It will start operations within two years, the report reads.

Vidrios Mariel S.A. is made up of the Italian and Cuban trading companies Nelson Servizis.r.l and Quimi S.A., respectively, and is authorized to operate on the Island for 25 years from its registration in the Mercantile Registry of the Republic of Cuba

Its productions will be sold wholesale in Cuba, to different industries, while some of it will be exported.

Nelson Servizis.r.l, the second Italian entity associated with a national company in ZEDM, has more than 20 years of experience in the commercialization of glass containers in the national market, while Quimi S.A. is a mercantile company with 100 percent Cuban capital, belonging to the Chemical Industry Business Group.

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