Ardagh has postponed construction of a proposed glass project in Brazil indefinitely.
The glass giant was in the process of building a container glass manufacturing facility in Juiz de Fora, Minas Gerais state.
The facility was due to come on stream in the first half of this year and provide 300 jobs.
But the world’s second largest container glass producer said a deterioration in Brazilian glass market conditions meant they had to pause the project.
It said: "Ardagh Glass Packaging (AGP) confirms that it recently paused the construction of a new glass manufacturing facility at Juiz de Fora in Brazil."
17.01.2024, Ardagh Group
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.