GlobalGlass from Switzerland is taking over the SFS Paraćin glassworks in Serbia to become a Steklarna Hrastnik sister company and will contribute significantly to the implementation of the Group’s strategic plans.

By investing in the SFS Paraćin glassworks, which was in bankruptcy before being taken over and was the subject of a national programme for the revitalisation of the glass industry in Serbia, the GlobalGlass Group will increase its production capacities (by around 30 tonnes per day) and the assortment of its products. ”The bulk of production in Serbia will involve the standard quality of glass for the food industry and supply of the Serbian market and markets of South-East Europe, where there is a shortage of supply. Meanwhile, the majority of Steklarna Hrastnik’s export will still be focused on strategic markets of Western Europe and of premium and super premium glass quality”, pointed out Peter Čas, MA, Chief Executive Officer of Steklarna Hrastnik.

With the expansion of business operations in Serbia, all development and strategic investment plans of the Group in Hrastnik proceed uninterrupted; the final stage includes the conceptual design of the new furnace/factory with which the production capacities in Hrastnik will increase by over 200tpd. In addition, the commercial and industrial zone, where the construction of a new decoration factory is being planned in the coming years, is currently under construction. An investment in the renovation and construction of a new hybrid B furnace is being planned for 2023 as well as investments in innovative projects in the area of energy solutions and digitalisation.

hrastnik1860.com

Image: Serbian SFS Paraćin joins Steklarna Hrastnik in the GlobalGlass Group.