Page 28 - Glass Machinery Plants & Accessories no. 1/2018

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GLASS SERVICE
start-up of new

furnace for pharma

glass at pJsc poltava

furnace and working end
in 2014, Glass Service
srl has announced that
it has now successfully
completed the start-up also includes burners, 14 control system, ventilators
After having designed of a second 18 sq.m. booster fusion electrodes and furnace cooling
and installed a 20 sq.m. oxy-fuel furnace for the and transformers (one pipes, two screw batch
recuperative furnace at production of borosilicate medium transformer chargers, glass level
PJSC Poltava in 2008 pharma tube glass with and three mono-phase control, complete oxy-fuel
for the production of Danner technology. transformers), bubbler, combustion plant for the
borosilicate glass, along The design and supply control panels for the furnace and working end
with a second oxy-fuel of this second furnace furnace with SCADA for two channels.

VERALLIA moderate growth in
rd
3 quarter 2017 results revenue at constant foreign
exchange rates as well as
a further improvement
In line with the previous driven by prices in a highly of activity in volumes as of EBITDA. Capital
quarters, Verallia inflationary environment. well as the pass-through of expenditures for the year
achieved a robust financial Volumes resisted well in a inflation into sales prices. 2017 are expected to be in
performance in Q3. challenging context. Verallia generated a the same range as in 2016.
Revenue increased by 5.7% EBITDA was up 8.4% strong operating cash- 2017 annual results will be
at constant exchange rates, at constant exchange flow in the quarter, at released 1 March 2018.
driven by higher volumes, rates, supported EUR 104.1 million, up An independent group,
a better mix and prices in by manufacturing EUR 72.4 million year- Verallia is the third largest
South America. performance improvement on-year. An improved global manufacturer
In Europe, the 4.6% and higher volumes. operational performance, of glass containers for
increase at constant In Europe, the strong a good management of the food and beverages, and
exchange rates was 7.4% increase in EBITDA working capital and the proposes innovative,
supported by higher at constant exchange positive impact of factoring customized and
volumes in most countries rates was driven by contributed to this increase. environmentally-friendly
as well as a better mix, in higher volumes and an In the quarter, Verallia has solutions. Verallia produced
line with previous quarters improved manufacturing continued to deleverage, around 16 billion glass
trend. performance, which partly with a net debt representing bottles and jars in 2016.
In South America, revenue offset the negative costs 3.7x its LTM Adjusted Verallia’s business model
was negatively impacted by evolution. Sales prices were EBITDA of EUR 501.2 is based on combining
exchange rates evolution, stable. million at 30 September. the strength of its global
mainly the weakening In South America, After early repayment of network (manufacturing
of the Argentinean Peso EBITDA was negatively EUR 100 million of its operations in 13 countries,
against Euro. At constant impacted by exchange Term Loan B Facility on sales locations in 46
exchange rates, revenue rates evolution, attributable 30 November, Verallia still countries with 5 technical
grew by 13.4%, mainly to the depreciation of the has a good level of liquidity centres and 13 product
Argentinean Peso against available, with cash on development centres) and
Euro. At constant exchange hand as well as an undrawn local customer relationships
rates, the robust 12.8% RCF of EUR 250 million. in all regions. In 2016,
EBITDA increase was For the rest of the year, Verallia achieved net sales
attributable to a good level Verallia anticipates a of EUR 2.4bn.

26 glass machinery plants & accessories 1/2018

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