Gomel Glass Plant switches to domestic market

The “Gomel Glass Container Plant” was founded in 2008 and focused on the production of glass containers. As of the beginning of this year, it is fully switched to the domestic market, resulting in immediate profit.

Gomel Glass Plant, a joint Belarusian-Austrian enterprise, has announced that, as of the beginning of this year, it is fully switched to the domestic market, resulting in immediate profit.
The “Gomel Glass Container Plant” was founded in 2008 and focused on the production of large and small glass containers, ranging from brandy bottles to baby food jars. The investment project was implemented with the support of Austrian ATEC, involving glass companies, which are major suppliers of packaging for the beer and alcohol industry in Belarus.
In recent years the plant has expanded its product range, developing new markets and increasing production volumes. For example, in 2010 the company manufactured 49 thousand tons of products, and in 2011 the production of glass containers increased by 29% to 63 thousand tons. Profitability of sold products totalled 17.7%. The average wage at the plant also increased – from RUB 1.7 million in the first quarter of 2011 to RUB 3.3 million at the end of the year.
Half of the glass containers (53%) produced at the plant in 2011 were destined for export – to Ukraine, the Baltic countries, Sweden and Germany. In 2011, sales were USD 9 million.
Company profit in 2011 amounted to RUB 15 billion.