Falorni Tech Glass Melting Technology
Filtraglass
Banner

EBRD buys shares in Pokrovskoye glass factory

According to a recent report, The European Bank for Reconstruction and Development (EBRD) will buy 40% of shares in the Pokrovskoye glass factory, a major beer bottle producer in the Vologda Region in…

According to a recent report, The European Bank for Reconstruction and Development (EBRD) will buy 40% of shares in the Pokrovskoye glass factory, a major beer bottle producer in the Vologda Region in Russia. The factory plans to use between US$ 8-10 million raised from the deal to increase the output of “a scarce product” – black glass beer bottles – by 150%, the report said. Breweries reportedly prefer black bottles to green ones – which are going out of fashion – for their products, the report said.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news