Vetropack's Kyiv glass works severely damaged by military activity
The Ukrainian production site of Vetropack Holding Ltd, one of the leading manufacturers of glass packaging in Europe, severely damaged during military activity. No employees were injured.
Vetropack had already begun shutting down production at the Ukrainian glass works, PrJSC Vetropack Gostomel in Kyiv, for security reasons on 24 February 2022.
All employees are suspended temporarily from their duties on full pay.
“The situation on site is difficult and also dangerous due to the potential of further military activity,” said Johann Reiter, CEO of Vetropack Holding Ltd. “It may therefore take a long time until we get a clearer picture of the situation at the site. It is already certain that parts of the production were severely damaged. Restarting production will not be possible in the near term.”
In Ukraine, Vetropack produces a variety of glass packaging with three furnaces and eight production lines.
The Gostomel site is one of Vetropack Group's nine European production sites.
Glass has been manufactured there since 1912. In 2021, Gostomel contributed approximately 10% to Vetropack Group's revenue.
In 2006, Vetropack Group took over the site as part of its continuous growth strategy.
Image: Aerial view of Vetropack's Gostomel site.
