Company

Toly expands operations in Malta with a €20 million investment

Toly’s new €20 million investment demonstrates promise and outlook of the Maltese manufacturing industry.

“In a time when global trade is more uncertain than ever, and supply chains are changing rapidly, Toly has chosen to invest and continue building on their operations in Malta. This is a vote of confidence in our country’s economy, people and policy”, said Minister for the Economy, Investment and Small Businesses Chris Cardona whilst visiting ongoing works at Toly’s new state-of-the-art manufacturing plant in Bulebel, spanning over 20,000sqm with an investment of approximately €20 million plant.

“With their new project we are previewing today – they are laying the blueprint for the next Maltese smart factory. Toly’s new venture demonstrates opportunity to drive greater value within the four walls of the factory and the importance of innovation and adapting with the times. This sends a clear message of reassurance to all of our manufacturing players, big and small, that are dreaming bigger and thinking of scaling up.”

Toly is led from its Maltese headquarters and has been operating in Malta since 1971. Chairman and CEO of the Toly Group Andy Gatesy expressed the company’s pride of its heritage in Malta and put down their success in the core values of people, passion, pride and creativity, which mimic exactly the core values of the Maltese nation.

As a government we recognise your ambition and we will continue to do our best to match it, as we know we can accomplish more together. Make no mistake, a thriving economy means a thriving population. More opportunities mean the freedom for each and every individual to thrive, which arethe fundamental values of this administration,” the Minister concluded.

 

Source: Press Release by the Ministry for Economy, Investment and Small Business 

Photo Credits - DOI: Clifton Fenech 

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