Shyahsin Packaging will invest €16.86 million to set up a production unit in Portugal for high-end cosmetics packaging and will possibly also obtain tax benefits, as it will sign an investment contract with Aicep.
The project, which will receive €2.86 million in support from Compete 2030, “aims to set up an SHP Group production unit in Portugal to manufacture high-end cosmetic packaging”, according to the description.
“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”, it adds.
The SHP Group, created in 1970, has four factories worldwide, two in China and two in Mexico, and says it has specialised in the production of cosmetics packaging for over 50 years.
The factory is already at an advanced stage of construction in Maceira (Leiria) and is scheduled for completion on 31 October 2026. It also has 17% support for the investment, which is fully eligible for European support.
