01.03.2022: Vetropack Holding Ltd. already acquired two companies in the Republic of Moldova – Glass Container Company S.A. and Glass Container Prim S.A. – at the end of 2020. They have since been merged and also renamed as part of their integration into the Vetropack Group, and they will trade as Vetropack Chișinău with effect from 1 March 2022.
In Chișinău, the capital of the Republic of Moldova, Vetropack Chișinău has around 500 employees who produce more than 112,000 tonnes of glass packaging for the food and beverage industry each year. In 2019, Vetropack Chișinău – at that time comprising the two companies trading under different names prior to the merger – posted turnover of approximately EUR 40 million and produced 100,000 tonnes of glass packaging. Vetropack has been actively present in the region for decades and by integrating the new facility, it is continuing to consolidate its own market position in Central and Eastern Europe.
"It is part of our integration strategy to incorporate acquisitions into the Group while preserving their local character and identity," Johann Reiter, CEO of Vetropack Holding Ltd., explains. "By acquiring and integrating the company known today as Vetropack Chișinău, we are consistently pursuing our Group's strategy of moving closer to our customers as a full-service provider and achieving further growth in our markets."
The company now trading as Vetropack Chișinău was founded in 1995 in the Republic of Moldova, in response to growing demand from regional wine producers who felt the need for an additional, locally based manufacturer of quality glass containers. The Republic of Moldova's wine industry has managed to boost its exports to Europe significantly in recent decades. By 2021, two furnaces with a total of six production lines were commissioned at the Chișinău site, thus increasing production capacity by 12,000 tonnes of glass in 2021.
Oleg Baban, General Manager of the Vetropack glassworks in the Republic of Moldova, points out: "We are substantially ramping up our output again now that we are part of the Vetropack Group, and we are also benefiting from the related economies of scale."
Vetropack Chișinău manufactures an extensive product portfolio of glass packaging for the food and beverage sector. Its products include glass bottles of various shapes that perform many different functions, as well as wide-neck jars. They are sold not only to the growing domestic market but also to over 20 export markets. About 60 percent of local production is exported to regional markets, with the vast majority going to Romania.
The Vetropack Group numbers among Europe's leading manufacturers of glass packaging for the food and beverage industry. The Group has cutting-edge production plants as well as sales and distribution offices in Switzerland, Austria, the Czech Republic, Croatia, Slovakia, Romania, Ukraine, Italy and the Republic of Moldova.