Soliver factory is to close down. High energy costs rendered products non competitive

Soliver, manufacturer of glass containers, will shut down its factory in Bchamoun within the next two months.

Omar Kaddoura, General Manager of Soliver, said: "The reason behind the closure is because we are losing our market share."

He said that the investments required for upgrading machines is $30 million. The life cycle of glass industry machines is six years, and it is now time to upgrade them.

"We preferred not to invest such amounts," he said.

The energy-in...

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