Channel: Viewpoint
Vetropack Group: positive results and outlook – with investments in mind

2015-08-20 | Viewpoint

Vetropack is one of Europe’s leading manufacturers of glass packaging for the food and beverage industry, with group management in Bülach, Switzerland. It runs state-of-the-art production facilities, as well as sales and distribution centres, in Switzerland, Austria, the Czech Republic, Slovakia, Croatia and Ukraine. Vetropack offers tailor-made glass, innovative packaging solutions, reliable product quality and on-time deliveries.

Tihomir Premužak, Johann Reiter, Inge Jost, Andriy Girnyk, Gregor Gábel, Elisabeth Boner, David Zak, Günter Lubitz, Claude R. Cornaz, Christoph Burgermeister, Marcello Montisci
In the 2014 reporting year, Vetropack Group further increased both its sales and its consolidated revenue (adjusted for currency effects). All production capacity was essentially utilised and net liquidity reached an all-time high. Strategic investments in furnaces and production infrastructure have helped to improve efficiency and flexibility and secure the future of plants.
Whilst both sales and consolidated revenue increased by 4.2 per cent over the 2014 financial year, negative exchange effects impacted the real result, leading to a fall of 2.8 per cent in revenue.
Ukrainian JSC Vetropack Gostomel reported a strong operating performance, but its contribution to consolidated revenue was affected by the devaluation of the local currency. The Swiss Vetropack company increased its contribution to revenue to 13.7 per cent, thanks to the strength of the Swiss franc in the declining domestic market.
Vetropack Austria GmbH, with its two glassworks in Pochlarn and Kremsmunster, again provided the largest share of gross revenue (31.4 per cent).
Moravia Glass a.s. in the Czech Republic remained constant and Slovakian Vetropack Nemsova s.r.o. generated 8.3 per cent, attributing this positive result to a strategic shift towards direct customer business, and reducing supplies to co-subsidiaries.
The Croatian company Vetropack Straza d.d. increased its percentage to almost 20 per cent thanks largely to the expansion of its export business.

Positive trends
The current trend towards...







expand

Article taken from Glass Machinery Plants & Accessories bi-monthly magazine (6 issues per year)
Year: 2015 number: 4
Check out Glass Machinery Plants & Accessories magazine

Viewpoint
12 Total results
Page  1 of 1 
latestOrder by:

GlassOnline Articles by Channel

Enduroshieldgti615

2015-12-20
EnduroShield, an ultra-thin transparent coating that completely adheres to glass surfaces, provides protection that...

Vetropackgm415

2015-08-20
Vetropack is one of Europe’s leading manufacturers of glass packaging for the food and beverage industry, with group m...

PressGlassgti515

2015-08-20
This interview, held recently by Robert Klos for Forum Branżowe, the Polish monthly for the window and door industry, ...

Kanchgti315

2015-06-20
Software solutions

RCNgti315

2015-06-20
Glass-Technology International recently went to visit San Rocco Vetro glassworks located in the hills near Perugia,...

MikaEronengti215

2015-04-20
Those of us who are familiar with glass processing experts will know Mika Eronen – from Pilkington to Glassrobots and t...

Lisecgti115

2015-02-20
In this article, LiSEC speaks to its customer Flachglas Group to find out why this German company uses its machines and...

Edgetechartxgti112

2012-03-09
Andy Jones, Managing Director of Edgetech, a Quanex company, looks at the now maturing Warm Edge Technology market...

12 Total results
Page  1 of 1 
Other channels: A.T.I.V. Articles - Adhesives and sealants - Advanced electronics - Annealing - Annealing & decorating - Annealing & tempering - Anniversary - Art & culture - Autoglass - Automation and it - Automotive glass - Ball Gathering - Batch plants - Building applications - Case history - Coatings - Cold-end - Company financial news - Company news - Conditioning - Containers - Conveyors - Cooperation - Country outlook - Crystal - Cullet treatment - Cutting technology - Decoration - Design - Detection systems - Diamond Tools - Directives - Double glazing - Drilling - Drying - Ecology - Edging - Energy saving - Events - Fibre treatment - Finishing lines - Forming - Furnace technology - Fusing - Glazing / Insulating Glass - Grinding and bevelling - Handling - Hot-end equipment - Ig equipment - Industry update - Innovation - Inspection - Institutes - Laminating - Lehrs - Load moving - Lubrication systems - Machinery developments - Manufacturing technology - Markets & trends - Mathematical recreations - Mergers, acquisitions & disposals - Mirror technology - Mould technology - Neutralisation plants - Numerical control - Old issues - Optoelectronics - Other news - Palletising/depalletising - Personnel & industrial relations - Photovoltaic glass - Plant technology - Pressing - Printing and tempering - Processing - Product news - Production costs - Purification plants - Refractories - Representative organizations - Research and development - Resin technology - Safety glass - Science & technology - Screen printing equipment - Sealants - Sector trends - Shaping - Sheet processing - Software - Specialist applications - Statistics - Storage and handling - Surface treatment - Surveys - Tableware - Tempering technology - Testing - Thermal imaging - Thermal insulation - Transitions - Treatment plants - Tube production - Turnkey plants - Viewpoint - Worker safety -

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © A151 S.r.l. 1996-2020 - All rights reserved

A151 S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2111551 | Share capital: € 10,000 | P.IVA/VAT No.: IT 02769870342