Microenvases

repaid

With the expansion project, Microenvases seeks to increase its monthly production of laminated cups from 15 million to 27 million units. To that end, it will be necessary to retool three PMC GX 1000 machines (currently used for wax-coated cups) to process laminated cups, refurbish two 4 color flexographic printers, and purchase two dies to manufacture 4- and 6-ounce cups. These cup sizes are the most in demand in new market niches recently entered by the Company. Once these machines are upgraded, the Company will have the capacity to produce an additional 12 million cups a month, which will increase its production by approximately 80%.The project also seeks to increase the Company’s operating space. This will be achieved by purchasing a lot adjacent to its current facilities. A plant of approximately 2,000m2 (21,527 square feet) will be erected on this new lot.With this project, the IIC will be supporting the export manufacturing industry in Honduras since the Company is the leading manufacturer of laminated cups in Central America. The demand for this type of product has grown due to the natural growth of the beverage and fast-food industries. This growth is also the result of substituting laminated cups for wax-coated and styrofoam cups.