[Czech Republic] Vetropack Sales Drop 4.6%

Vetropack Moravia Glass (VMG), producer of glass containers for the food industry, saw a 4.6% drop in its sales for 2008, at Kc2.14BN. The company attributes the decrease to the economic crisis, according to a statement by Chairman of its Board of Directors, Marcello Montisci. Results were also influenced by repairs having caused a one-month halt in production, corresponding to around 10,000/tonnes of glass containers. However, Mr Montisci added that the reconstruction will raise the plant's output and improve the quality of its future production. VMG sold over 850M glass bottles and containers in 2008, exporting 41% of its output to markets including Austria, Poland, Hungary and Switzerland.