Vegropack Group increased its sales by 4.5% in 2014, while revenue in local currencies was 4.2% up on the previous year. However, consolidated gross revenue was significantly lower (-2%) due to negative currency effects. The group produced a total of 1.2m/t glass packaging, 3.4% less than in the previous year. This decrease was due to planned stoppages in production for repair work and strategic de-stocking. At the Czech Vetropack plant, a furnace was replaced as scheduled with a more energy-efficient regenerative model and the supporting infrastructure was upgraded. Meanwhile, the regenerative chambers at the Swiss Vetropack plant in St-Prex underwent repairs earlier than planned. In addition, the political and economic crises in Ukraine prompted JSC Vetropack Gostomel to take the decision to cut down on production in favour of selling off existing stock.
