Take a look at Vidrala‘s 2022 Annual Report and learn more about their ‘Glass Made Good’ sustainability strategy based on the 4 Ps (People, Place, Planet and Prosperity).
In the Report, Carlos Delclaux, Chairman of the Board of Directors, said, “Vidrala’s results throughout this entire period are a good example of the strength of our business model. Thus, throughout 2022, our initially deteriorated operational margins gradually recovered as a result of internal energy cost mitigation actions, a sustained solid manufacturing performance, the first effects of our ambitious investment plan and a progressive adaptation of our sales prices.”
He also added, “Looking forward, we have recently announced two important corporate operations. On the one hand, since January 31, 2023, our subsidiary in the UK owns the beverages filling facilities and the logistic infrastructure previously operated by Accolade Wines in Bristol, known as ‘The Park’. The business purchased will reinforce Encirc’s unparalleled characteristics as the only player to offer a full 360 approach to the beverage supply chain.
“Besides, in early February 2023, Vidrala announced the acquisition of a stake of 29.36 percent in the Brazilian company Vidroporto, S.A. This acquisition, although it is a minority stake, evidences Vidrala’s long-term strategy towards diversifying the business, creating platforms for future growth in regions that will offer interesting opportunities, and strengthening long-term partnerships with strategic customers.”
Access the full report here.