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Vetropack releases Covid-19 impacted 2020 financial figures


Vetropack releases Covid-19 impacted 2020 financial figures
Published 16th March, 2021 by George Lewis
Vetropack Group acquired Moldovan glassworks S.A. glassworks in December 2020.
Swiss container glass manufacturer Vetropack Group has released its financial figures for 2020, where its earnings margin of 11.5% was slightly down from 2019 in part due to the Covid-19 pandemic.
Consolidated net sales stood at CHF 662.6 million ($714 million), compared to 2019 net sales which were CHF 714.9 million ($770 million).
At the end of the year, the group acquired a S.A. glassworks in Moldova, in a takeover which was financed by the Group’s own funds, costing CHF 42.8 million ($46 million).
With this acquisition, the Group is growing in a region where it has been successfully manufacturing and selling glass packaging for almost three decades. ....

Italy General , Vetropack Group , Glass Production , Hollow Container , Speciality Glassmaking , Glass Processing , இத்தாலி ஜநரல் , கண்ணாடி ப்ரொடக்ஶந் , வெற்று கொள்கலன் , கண்ணாடி ப்ரோஸெஸிஂக் ,

Ardagh reports 2% increase in glass shipments


Ardagh reports 2% increase in glass shipments
Published 24th February, 2021 by Greg Morris
Glass container manufacturer Ardagh Group reported a 2% increase in glass shipments in the second half of 2020 compared to the year before.
In its Quarter 4 and Final Year 2020 financial results the group said its Glass Packaging Europe division performed strongly in the quarter, with packaging volume/mix increasing by 2% compared to the same period last year.
Volume/mix in Glass Packaging in Europe increased in most categories, notably food, as lockdowns had a diminishing impact on consumption patterns compared with earlier in the year.
Adjusted EBITDA in Glass Europe of $92 million was 12% lower than the same period last year due to the timing of furnace rebuild activity and some capacity management initiatives in the quarter. ....

United States , Paul Coulson , Ardagh Group , Final Year , Glass Packaging Europe , Glass Packaging , Glass Europe , Glass North America , North America , Chief Executive Paul Coulson , Longhorn Glass , Glass Production , Hollow Container , Speciality Glassmaking , Glass Processing , ஒன்றுபட்டது மாநிலங்களில் , பால் கூல்சன் , அர்தாக் குழு , இறுதி ஆண்டு , கண்ணாடி ப்யாகேஜிஂக் யூரோப் , கண்ணாடி ப்யாகேஜிஂக் , கண்ணாடி யூரோப் , கண்ணாடி வடக்கு அமெரிக்கா , வடக்கு அமெரிக்கா , தலைமை நிர்வாகி பால் கூல்சன் , லாங்ஹார்ன் கண்ணாடி ,