From yogurt to suugo, milk and jam to beer: if you buy these foods in glass packaging, you will probably probably keep a product of the Vetropack in your hands. And the Swiss group has made up for his work in Kremsmünster (Upper Austria), as it revealed when presenting the 2024 numbers.
In 2024, one of the most difficult financial years in our company history-was that Vetropack management was in the course of the publication of the balance figures for the previous year. Overcapacity on the market had ensured that the price pressure, from which the specialist of the glass packaging could not release himself and therefore temporarily locked a work in the Swiss St. Preex. They were very reserved when creating new places and sacrifices. The victory of the group deposits on CHF 13.7 million, which is the equivalent of around 14.28 million euros.
Create conditions for fast action
But for this year you take the first sign of relaxation, report. Standardization of the market situation? No. “Our goal is to create all requirements, so that we can act quickly in improving the market situation and increasing demand,” said CEO Johann Reiter.
Regardless of the uncertainties, the company has clearly committed itself to investments. The expansion of the photovoltaic systems on the roofs of the work in Kremsmünster will continue until 2026. In the final expansion, the system will produce so much electricity per year that 2000 households can be supplied with it. 345 tons of CO₂ must be stored.
In the previous year it was even a consideration that one of the three melting tables in Upper Austria was still closed because there are too many bottles and co. Being on the market, the company now gives a clear sign to increase the quantities. From 2028, two melting tanks will be merged into a large bath, which must largely be operated with electricity. “We increase capacity and improve energy efficiency,” says Vetropack.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
