Slovak Vetropack Nemsova saw a decline in sales revenues in Slovakia

2010-07-12

The company Vetropack Nemsova, which specialises in the production of glass packaging products for the beverage and foodstuffs industry, had sales revenues of €48.6m last year, a decline of 16.5% compared to the year before.The company’s profit went down by almost 71% to some €1.9m. The main reason for the weak financial performance was the general economic crisis, which led to lower consumption, not only in Slovakia but also in neighbouring markets such as the Czech Republic, Hungary and Poland where the firm exports its products.
Vetropack Nemsova sold last year a total of 373 million items of glass, which was a decline of 20.5% year on year. Company’s exports accounted for some 49% of the sales revenues, up from some 42% in the year 2008.
Vetropack Nemsova makes 200 sorts of glass items for beverages and foodstuffs such as jars and bottles. The company was purchased in 2002 by the Swiss firm Vetropack Holding