Emhart Glass owner Bucher Industries posted a 21% rise in profits for the 2012 business year.

Bucher increased sales by 12% to CHF 2 609 million while operating profit rose 21% to CHF 229 million ($242.9 million).

In its financial report for the year it said the market for the glass container industry remained stable.

It said the shift of emphasis towards growth markets in the emerging economies of Asia, the Middle East and South America increased cost pressure and accelerated the trend towards simpler machines.

In this environment, Emhart Glass generated higher sales. Order intake fell, although the previous year’s level had been influenced by a major order from India. Marked fluctuations in the project business made production planning difficult.

Emhart plans to transfer most of its production capacity from Europe to Asia. In future it will produce high-end machines in Europe and simpler, standard machines in Asia.