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Contact Info
Address | Glass Container Prim Vetropack Group str. Uzinelor 201 2023 Chisinau |
Country | Moldova |
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Located in Chisinau, Moldova, Glass Container Prim S.A. (“GC Prim” or the “Company”) is an early-stage flint glass investment, which was established as the sister company of the leading Moldovan glass packaging producer, Glass Container Company (“GCC”). While GCC specializes in the production of colored glass packaging products, in light of the historical demand observed by the GCC management for flint (i.e. transparent) glass packaging products, and due to increased customer focus on quality, two of GCC’s largest shareholders decided to launch a new investment in the high-quality flint glass segment under a new legal entity, that became GC Prim. Construction process of GC Prim was finalized in May 2010, when GC Prim opened the new glass plant with a total capacity of 65,000 tones of finished goods per annum (rough equivalent of 130 million bottles).
At this juncture, during the ramp-up stage of operations, additional financial resources are needed for GC Prim in order to strengthen the capital structure of the Company, to refinance part of its existing loans, to provide working capital and to fund capital expenditure requirements of the Company (the “Project”).