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Basque Government Nears Deal to Restart Guardian and Glavista Plants

Officials project up to €85 million in investment with roughly 400 jobs.

Overview

  • The Basque government said it is finalizing an imminent agreement to bring the long-idled Guardian and Glavista glass factories in Álava back into operation.
  • Authorities project an investment of €80–85 million to recover production at the Llodio–Ayala sites.
  • Reported participants include France’s VSF, Alicante-based Gaviota, and a former Guardian executive, with some terms still being completed.
  • Las Provincias reports that Gaviota is backed by the Atitlan investment fund, which submitted a rescue proposal alongside VSF.
  • El Correo reports the restart could restore about 400 local jobs after more than a year of stoppage, with regional and provincial officials coordinating the effort.