On course for successful integration
01/2022: The Moldova-based Glass Container Company S.A. and Glass Container Prim S.A. were acquired by Vetropack Holding Ltd back in late 2020. They have since been merged and renamed as part of their integration into the corporate group; as from March 2022, they have been operating as Vetropack Chișinău.
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.
Closer to customers with full-service
“It is part of our integration strategy to incorporate acquisitions into the Group while preserving their local character and identity,” Vetropack's CEO Johann Reiter explains. “By acquiring and integrating the company now known 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 been able to boost its exports to Europe significantly in recent years. 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.
Vetropack Chișinău manufactures an extensive portfolio of glass packaging products for the food and beverage industry. These 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.
«It is part of our integration strategy to incorporate acquisitions into the Group while preserving their local character and identity.»
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