Vidrala will invest €200 million until 2016 in six plants (half of them in Spain). Carlos Delclaux, President of the Basque group, said that each centre will receive a share of the investment “according to their profitability and industrial performance”.
The plant that will receive a larger share of the investment is Marinha Grande (Portugal), which is below the productivity standards of the corporation and the Ghlin plant (Belgium), which last year had to cut its staff by 70 employees.
Delclaux expects to increase group sales in 2011 because of increasing demand in European markets. In 2010, turnover for Vidrala was €405.9 million (6% more than in the previous year) with a record net profit (€49.6 million, an increase of 21%).
The Vidrala shareholders meeting approved a dividend of €0.54 per share (5% more than in the previous year). Vidrala reported to the market commission (CNMV) an amortisation of 550,000 shares held in treasury which account for 2.3% of the capital.
Vidrala invests in six factories until 2016
Published 18th July, 2011 by Greg Morris
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.