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Castel acquires Alver glass factory to bolster sustainability drive of reducing plastic usage
of PET (Polyethylene terephthalate, a plastic oil-based) while helping to develop returnable and recyclable glass.
Castel said it will start to invest in modernizing the industrial facility and developing the skills of its workforce to support its long-term growth, once the transaction is approved by authorities in charge of the competition.
ALGERIA – French beverage company, Castel, has strengthened its diversification strategy by developing green and local production with the acquisition of a 100% of the share capital of the Alver glass factory, a subsidiary of the Condor group based in Oran.
In a statement, Castel said: “Present in Algeria for nearly 20 years and a major player in beverages in Africa, Castel has signed a letter of intent with Condor Electronics for the acquisition of 100% of the capital of Alver spa.”
“This operation confirms Castel’s desire to develop its activity in Algeria, where it already has 3 industrial sites while working to reduce the use of plastic.”
Based in Oran for over 70 years,Alver is one of the leading manufacturers and marketers of glass products in Algeria, focusing on glass bottles and jars for the local beverage and food market.
The Alver glass factory was acquired in 2018 by Condor Electronics from the Italian subsidiary of the French group Verallia.
According to the French group, this investment responds to its desire to promote the independence of its activities concerning imports of inputs and packaging and to reduce the share
INDIA – The United Nations Development Programme (UNDP) has partnered with Hindustan Unilever (HUL), on a plastic circularity initiative dubbed Inclusive Circular Economy.
The initiative focuses on the endto-end management of plastic waste by promoting the segregation of waste at source, collection of the segregated waste, and setting up Material Recovery Facilities (MRFs) for recycling all kinds of plastic waste along the value chain.
Under the partnership, the two firms will promote waste segregation at its source and the collection of segregated waste.
In line with its goal of promoting economic self-sufficiency in the regions where it operates, the French giant noted that the factory will primarily use locally sourced materials, particularly sand.
UNDP and HUL will also develop material recovery facilities (MRFs) that can accept all kinds of plastic waste along the value chain.
In addition, the project aims to promote the social inclusion of wastepickers, locally known as Safai Saathis, in India’s waste management sector.
The project is a scale-up of existing partnerships under UNDP’s flagship Plastic Waste Management Programme.
Confirmed Sponsor:
June 13-14, 2023
