Page 19 - Glass Machinery Plants & Accessories no. 1/2018

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< international shores to Further it is a very much
bridge the gap. The sale to a concern to note that
US, Canada and Australia the Ceylon Petroleum
showed exceptional Corporation has not
increase which partly revised the rates of furnace
helped to shorten the gap. oil for past four years.
PGC is focusing to develop The crude oil prices which
these potential market to hit a USD 120 a barrel
liquidate the additional in 2011 have now been
capacity. PGC also below USD 60 for the last
commenced export trading four years. However, the
business to Myanmar corresponding furnace
which opened up a new oil prices have not been
dimension of international addressed accordingly,
business for the company. which is affecting PGC’s
This helps PGC to offer its competitiveness in the
international customer a international market.
total range of bottles. The company has Yes, there is
The cost of production been requesting the
during the period remained government to introduce
under pressure due to a formulae pricing based intelligence out there...
higher LPG prices, input on international crude
raw materials and ever oil price which will be a
increasing international fair transparent pricing lots of it
packing material prices. mechanism.

VIDRALA
SantoS BaroSa

acquiSition completed

Spanish glassmaker Vidrala has completed the acquisition
of the entire share capital of the Portuguese company
Santos Barosa Vidros.
Santos Barosa manufactures and sells glass containers at
a major production facility located in Marinha Grande,
Portugal.
The company produces more than 400,000 tons of glass
per year and obtained an operating result EBITDA last
12 months at September 2017, of EUR 32.8 million,
equivalent to a margin of 25.1% over sales.
The deal, completed in an all-cash transaction, implies an REAL-TIME INTELLIGENT DATA ACCESS
enterprise value of EUR 252.7 million.
The resulting leverage ratio of the Vidrala Group, following By receiving open information from one single, smart database
the financing issued to fund the transaction, is preserved at in real-time, you’re even more in touch with all your processes –
2.3 times last 12 months proforma EBITDA. no matter where you are – which means greater efficiency and
In a statement it said: “Vidrala’s board of directors and productivity, less defects and losses. In fact, it’s like having your
its management team have long admired Santos Barosa’s own personal satellite backed by our service, support and training.
business, founded on outstanding manufacturing facilities So, watch this space if you are gearing up for Manufacturing
and strong commercial relationships in the attractive
Iberian glass packaging market. Intelligence.
“Adding this complementary business to our footprint will
result in compelling benefits to customers, employees and
shareholders.”

Monitoring Inspection Traceability Support

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