Do not miss our special. Click here


Glass Industry News

Saverglass completes MD Verre purchase….for €1

, Saverglass

Saverglass has completed the purchase of MD Verre.

Saverglass bought the Vidrala subsidiary for the symbolic price of €1. Adapting the MD Verre plant to accommodate Saverglass's new target of high-end wines will require an immediate investment programe of around €50 million over the next three years.

This financial effort was facilitated by the modest cost of MD Verre. Saverglass has invested €500 million in the past eight years  Saverglass is a French container glass manufacturer which specialises in the production of and decoration of luxury and high-end bottles for the wine and spirits industries. MD Verre produces 160,000 tonnes of glass a year from its Ghlin, near Mons, Walloon,factory. It mainly makes entry-level wine bottles from an 84-acre site.

In October, Saverglass announced its intention to buy MD Verre. Saverglass has grown at an averege rate of 10% per year over the past 30 years, largely due to its specialisation in the booming segment of bottles and decanters designed to carry super premium spirits and fine wines.

Its Guadalajara, Mexico facility celebrated its first anniversary in June this year. The plant increased Saverglass's footprint on the American continent, leading to consolidated sales this year that have topped the symbolic milestone of €500 million.  The Ghlin location meets the immediate need for a large and efficient production capacity to support Saverglass's European presence in fine wines. The production of its Emirates plant will be mainly reoriented towards the needs of customers from the Pacific and America regions. 

The transition of the Ghlin factory from mass production to Saverglass's premium products will take place in stages thanks to a contract simultaneously signed with Vidrala. 

The contract will lock in the supply of a significant part of its needs for the next five years. Saverglass will embark on a major training programme to prepare Ghlin's 250 employees to develop its products, with support provided by the technical assistance of at least 100 of its 3,400 global staff from the Saverglass group. 

, Saverglass

News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2020

plants.glassglobal.com

Updated hollow glass study 2020

Request more information

Updated float glass study 2020

Request more information

Company Profile



Updated worldwide glass market study 2020 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2020.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated Hollow glass study 2020

X

Updated Float glass study 2020

X