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Frigoglass to make investment in Greek plant

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Frigoglass plans to undertake investments of EUR 0.5-0.8mn in its Greek plant in Kato Achaia for the production of spare parts and refurbishment of coolers.

According to the company’s announcement the investment will help to change the orientation and the activation of the plant. 

After the changes, the following activities will be operating in the plant:

*Service Center (Service Center)
- Production of spare parts for Europe (with the transfer of production from abroad)
- Center Renovation Cooler

*Production of Specialized Products
- Production Line Cold Open Press

According to Frigoglass the above mentioned restructuring program will fully ensure all jobs as the workforce will be transferred to the new production lines. At the same time, it ensures 5 day work for all workers. 

Moreover, the company also stresses in its press release that in order to reduce the operating costs, which will help to ensure long-term sustainability of the plant, the management is in negotiations with the union of the Greek plant for a cut in wages. 

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