Siberia’s SibSteklo set to construct furnace in October

Published 26th May, 2020 by Greg Morris

Pavel Bobosik, SibSteklo's CEO, said construction of the furnce will start in October

Siberian container glass manufacturer SibSteklo is set to start construction of a furnace in October.

Design has been entrusted to the Italian company Glass Service, while experts from the UK, Germany, the Czech Republic and Turkey have been invited to oversee construction work.

CEO of the Novosibirsk-based company, Pavel Bobosik, said the company had increased its output from 470 to 597 million containers a year in 2019, after several years on investment and quality.

Revenues increased from 2.8 billion to 3.68 billion while it also achieved savings in fuel and energy resources, improved the organization of the glassmaking process.

The EBITDA of the glass container business in 2019 was 750 million rubles ($10.6 million) - 42% higher than in 2018.

The company had planned to start construction work earlier but it had to be postponed due to coronavirus.

Five forming machines will be installed and the factory’s capacity should increase to 720-740 million items, with an estimated EBITA of 1.250 billion rubles ($17.6 million).

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.