The Glaverbel Czech Group, uniting 21 Czech glassmakers, showed preliminary unaudited sales of CZK 11 billion in 2000, up 17% from the previous year, Glaverbel Czech spokeswoman Alena Janotkova told I…
The Glaverbel Czech Group, uniting 21 Czech glassmakers, showed preliminary unaudited sales of CZK 11 billion in 2000, up 17% from the previous year, Glaverbel Czech spokeswoman Alena Janotkova told Interfax. That makes 2000 the group“s most successful year ever. The glass group“s exports were worth CZK 8 billion in 2000, up 20% on the year before, she says, and representing 72% of total sales. Glaverbel Czech (GC), the group“s parent company, is the largest flat glass producer in Central and Eastern Europe. It is a wholly-owned subsidiary of Belgium“s Glaverbel, Europe“s leading producer of flat glass, and had preliminary unaudited sales of CZK 7 billion last year, up 20 % on the previous year, says Janotkova. Exports accounted for CZK 5 billion of GC“s overall sales, up 26% over 1999. The parent company“s pre-tax profit reached CZK 1 billion, and its net profit CZK 915 million in 2000. State investment incentives and the launch of low-E glass production contributed to the group“s improved 2000 results, says Janotkova.