Cristaleras Ferrand joins up with German firm

Peru“s Cristaleras Ferrand has announced its association with Germany“s Heinz Glas to form a new company: Heinz-Ferrand Glass. The move strengthens Cristaleras Ferrand“s commitment to the business …

Peru“s Cristaleras Ferrand has announced its association with Germany“s Heinz Glas to form a new company: Heinz-Ferrand Glass. The move strengthens Cristaleras Ferrand“s commitment to the business of manufacturing containers for the cosmetics and perfume industry, which accounts for between 70 and 80% of the company“s sales. Production will increase five-fold with an investment of USD 4.5 million. The enterprise is aiming for sales of USD 10 million in the first year of operation.