Steklarna Hrastnik to launch Swiss holding
The Hrastnik-based company generated EUR 15.2m in revenue in the first quarter of the year and a net profit of EUR 1.9m, which the company said was 43% above the target.
The company also said that its production capacities were all but booked until the end of the year.
General manager Peter Čas believes that the Swiss holding GlobalGlass will pave the way for the glass maker's long-term growth and development.
A key role in making the holding operational has been entrusted to Andrej Božič, until recently the head of the glass division and earlier the general manager.
Božič is also involved in the incorporation of a joint venture in Poland, 60% of which will be owned by the Swiss holding, while the further 40% will be in Polish ownership.
The glass maker plans to start building a plant in Poland in 2019 in an investment estimated at EUR 70m. The plant is to enable Steklarna Hrastnik to get into the global glass market.
After eight years at the company Božič plans to take on new career challenges. He has declined the offer to become the chairman of GlobalGlass and join Werner Vontobel and Igor Lah on the board.
Božič served as general manager of Steklarna Hrastnik between 2010 and 2017, a period of restructuring that transformed the company into a leading niche manufacturer of high-quality glass packaging.