El­val to land Pep­siCo-Ivi’s main plant

Kathimerini English - - Focus - ANESTIS DOKAS

Athens-list­edVio­halco group is in the fi­nal stage of talks for the ac­qui­si­tion of Pep­siCo-Ivi’s cen­tral plant at Oi­no­fyta in Vi­o­tia, which ceased pro­duc­tion on Oc­to­ber 30.

The coun­try’s big­gest min­ing com­pany is in­ter­ested in the Pep­siCo-Ivi plant for its El­val sub­sidiary, whose fac­tory is in the broader re­gion and could uti­lize the lo­cal Pep­siCo sub­sidiary’s prop­erty to ex­pand its op­er­a­tions.

Talks be­tween the two sides, Kathimerini un­der­stands, are near­ing com­ple­tion and a deal is ex­pected in the com­ing weeks.

Pep­siCo-Ivi’s for­mer pro­duc­tion plant launched op­er­a­tions in 1998. It cov­ers more than 80,000 square me­ters and its built in­stal­la­tions ex­tend to 16,000 sq.m., in­clud­ing large stor­age spa­ces. Be­fore end­ing its op­er­a­tions the unit em­ployed a to­tal of 65 peo­ple.

El­val, which was ab­sorbed by Vio­halco and delisted from the Athens Ex­change on Fe­bru­ary 26 last year, is an es­sen­tially ex­port­ing com­pany in the alu­minium mar­ket. Its made-to-or­der alu­minium pro­files are sold to ve­hi­cle com­pa­nies such as BMW, Mercedes, Jaguar and Land Rover.

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