# Colep Packaging and Envases sign 50/50 joint venture for $30M aerosol plant in Mexico

Colep Packaging and Envases Group signed a 50/50 joint venture to build an aerosol packaging plant in Mexico with a total initial investment of more than $30 million over two years. The first stage will use three aluminium aerosol lines.

- Type: New facility
- Announced: 2023-10-23
- Where: Mexico
- Value: $30.0M
- Status: announced
- Capacity: three aluminium aerosol lines in first stage
- Products: aluminium aerosol cans, aerosol packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Envases Group](https://endata.com/companies/7319.md) (partner)
- [Colep Packaging](https://endata.com/companies/9548.md) (partner)

## Sources

- [metalpackager.com](https://metalpackager.com/2023/10/colep-packaging-and-envases-sign-join-venture-in-mexico/), 2023-10-23: "The agreement, which is based on a 50/50 shareholding, will represent a total initial investment of more than 30 million dollars over a period of 2 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.