Brazilian glass fears after brewer announces BRZ4 billion debt

Published 3rd April, 2023 by Greg Morris

Group Petropolis is a Brazilian beer supplier and a major customer of the container glass industry.

The Brazilian glass industry is on alert after a major customer announced cashflow problems.

The brewer Grupo Petropolis, which is competitor to the likes of Ambev and Heineken, is more than BRZ4 billion (US$790 million) in debt and has filed for bankruptcy protection with the Brazilian government.

It is a customer of Brazilian container glass manufacturers, which supply bottles to the brewer.

The company owns beer brands such as Itaipava, Crystal and Petra.

The debt amount comprises R$2.2 billion with suppliers and R$2 billion with financial and capital market obligations.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.