GlassGlobal Group, the owner of Steklarna Hrastnik and SFS Paraćin, will change its name to ‘Vaider Group’.

The renaming aims to provide a more efficient corporate management and positioning in the glass packaging market.

The reorganisation will also see a reinforcement of business functions with the extended management of the group.

Igor Lah, President of the Vaider Group, said: “Pursuant to its strategy, the group will continue to expand and grow organically.

"Development plans in both subsidiaries, Steklarna Hrastnik in Slovenia and SFS Paraćin in Serbia, are currently ongoing and are already being implemented.

"We will also reinforce our own sales offices abroad [currently in France and in Great Britain].”

The group acquired SFS in Paraćin in 2022, and says it will commission a new furnace at the site as early as 2024. The furnace would enable a substantial increase in the production of packaging glass.

It would also increase the group’s presence throughout markets in Central and Southeast Europe.

Peter Čas, MSc, CEO of the Vaider Group, said: “On international markets, the group will perform under the single brand name Vaider Group.

"The subsidiaries Steklarna Hrastnik (including the trademark Hrastnik1860) and SFS Paraćin remain well-known companies in the field of manufacturing high-quality special glass packaging and mass-consumption glass packaging.”

He continued that packaging glass segment was recording at a stable growth rate.

Due to a change in the organisational structure of the Vaider Group and its affiliated companies, the group will also gradually overhaul the corporate image of these companies.

This is to increase the group's presence in the global glass packaging markets.

All official titles and other contact information of affiliated companies of the Vaider Group shall remain unchanged.