Chinese company Shyahsin Packaging is set to invest €16.86 million to set up a production unit for high-end cosmetics packaging in Maceira, Leiria.

The project “aims to set up a SHP Group production unit in Portugal to manufacture high-end cosmetic packaging,” according to the project description, adding that the investment will receive €2.86 million in support from Compete 2030.

The same description also states that “the purpose of this production unit is to streamline the supply of products to the European market, while also playing a key role in SHP's efforts to position itself as a global leader in the sector.”

Created in 1970, the SHP Group has four factories worldwide, two in China and two in Mexico, and claims to have specialized in the production of cosmetics packaging for over 50 years.

(Source: Jornal de Leiria, on December 28)