Vetropack Moravia Glass sees turnover fall

Vetropack Moravia Glass, a key Czech producer of glass containers, and part of the Swiss concern Vetropack Holding, saw its turnover fall 3% year on year to CZK 902.6 million in the first half of 2001…

Vetropack Moravia Glass, a key Czech producer of glass containers, and part of the Swiss concern Vetropack Holding, saw its turnover fall 3% year on year to CZK 902.6 million in the first half of 2001, according to figures released by the firm. Vetropack sold a total of 362.1 million glass containers, with 170.6 million units of that total sold in the Czech Republic and 191.5 million exported. “The Czech market is stable, the plant has been working at full capacity and the firm posted record economic results last year, so the lower first-half turnover has not been too disturbing,” Vetropack spokeswoman Nada Dolejska says. Vetropack reduced its workforce by 11 % to 600 people in the monitored period, due mainly to outsourcing of some production divisions as well as retirements. Last year, Vetropack“s sales reached an historic high of CZK 1.8 billion, with the firm producing a record 700 million glass containers. Increased exports, as well as higher sales in the Czech Republic, supported Vetropack“s better results last year.