Integrated Annual Report and Remuneration Report 2021

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Board of Directors’ Report

The year 2021 was characterised by high demand for glass packaging throughout Europe. Vetropack Group once again strengthened its market position and increased its production capacity during the year under review. In addition, Vetropack’s markets and the Group’s production operations were barely affected by the global pandemic. Vetropack Group companies sold most of their additional capacities in their domestic markets, and the Group as a whole generated consolidated net sales of CHF 816.5 million, which corresponds to an increase of 23.2% from the previous year (2020: CHF 662.6 million). The subsidiary the Group acquired in the Republic of Moldova in December 2020 accounted for 6.9% of the increase in net sales.
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Keyfigures 2021

The year 2021 in figures

Net Sales in CHF millions

816.5

+ 23.2%

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EBIT in CHF millions

81.6

+ 7.2%

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Consolidated Profit in CHF millions

63.8

­ – 21.3%

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Cash Flow* in CHF millions

154.1

+ 7.9%

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Investments in CHF millions

119.2

+ 61.7%

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Production in 1000 metric tons

1629

+ 15.0%

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Exports in %

45.5

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Number of Employees

3896

+ 0.4%

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Product news 2021

New in our assortment

Facts & Figures

Vetropack at a glance

On 31 December 2021

53 %

Use of recycled glass in the production process

5.88

Unit sales every year in billions

816.5

Net sales in CHF millions

11

Locations in Europe

> 2,500

Different glass packaging products

3,896

Employees

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Vetropack Holding Ltd Bülach (CH) 
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Vetropack Holding Ltd is a Swiss company that operates internationally. Together with its subsidiaries, it produces glass packaging for the food and beverage industry. Vetropack Holding’s administrative headquarters are based in Bülach in the canton of Zurich, while its registered office is in St-Prex in the canton of Vaud. In 2021, Vetropack Holding Ltd employed 78 people. The company is listed on the SIX Swiss Exchange.

Vetropack Ltd Bülach and St-Prex (CH)
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Vetropack Ltd produces, sells and distributes glass packaging in Switzerland. Our glassworks is at our site in St-Prex in the canton of Vaud and our sales offices are in Bülach near Zurich.

Founded

1911

Takeover by Vetropack

Parent company

Area

120 659 m 2

Number of furnaces

1

Number of production lines

4

Employees as at 31.12.2021

206

Vetropack GmbH Pöchlarn and Kremsmünster (AT)
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Vetropack Austria GmbH produces glass packaging in Austria. We sell and distribute our goods in Austria and on selected export markets. Our sites are located in Pöchlarn (Lower Austria) and Kremsmünster (Upper Austria).

Site Pöchlarn 

Founded

1980

Takeover by Vetropack

1986

Area

137 000 m 2

Number of furnaces

2

Number of production lines

7

Employees Vetropack Austria GmbH as at 31.12.2021

698

Site Kremsmünster 

Founded

1954

Takeover by Vetropack

1993

Area

147 000 m 2

Number of furnaces

3

Number of production lines

7

Employees Vetropack Austria GmbH as at 31.12.2021

698

Vetropack Moravia Glass, a.s. Kyjov (CZ)
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Vetropack Moravia Glass, a.s., produces, sells and distributes glass packaging in Czech Republic. Our site is in Kyjov.

Founded

1883

Takeover by Vetropack

1991

Area

160 000 m 2

Number of furnaces

2

Number of production lines

7

Employees as at 31.12.2021

455

Vetropack Straža d.d. Hum na Sutli (HR)
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Vetropack Straža d.d. produces, sells and distributes glass packaging to the Croatian domestic market as well as to the neighbouring markets in Slovenia, Hungary, Bosnia, Serbia and other countries in South-Eastern Europe. Our site is in Hum na Sutli.

Founded

1860

Takeover by Vetropack

1996

Area

169 400 m 2

Number of furnaces

3

Number of production lines

12

Employees as at 31.12.2021

616

Vetropack Nemšová s.r.o. Nemšová (SK)
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Vetropack Nemšová s.r.o. produces, sells and distributes glass packaging in Slovakia. Our site is in Nemšová.

Founded

1902

Takeover by Vetropack

2002

Area

185 360 m 2

Number of furnaces

2

Number of production lines

7

Employees as at 31.12.2021

377

PrJSC Vetropack Gostomel Gostomel (UA)
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PrJSC Vetropack Gostomel Glass Factory produces, sells and distributes glass packaging in Ukraine. Our site is situated in Gostomel.

Founded

1912

Takeover by Vetropack

2006

Area

229 600 m 2

Number of furnaces

3

Number of production lines

8

Employees as at 31.12.2021

629

Vetropack Italia S.r.l. Trezzano sul Naviglio (IT)
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Vetropack Italia S.r.l. produces, sells and distributes glass packaging mostly in Italy. Our site is in Trezzano sul Naviglio.

Founded

1960

Takeover by Vetropack

2015

Area

88 700 m 2

Number of furnaces

2

Number of production lines

6

Employees as at 31.12.2021

296

Glass Container Company S.A. Chişinău (MD)
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Glass Container Company S.A. produces, sells and distributes glass packaging in the Republic of Moldova and on selected export markets. Our site is in Chişinău. The glassworks also has a sales company in Bucharest, Romania.

Founded

1995

Takeover by Vetropack

2020

Area

222 869 m 2

Number of furnaces

2

Number of production lines

6

Employees as at 31.12.2021

516

Müller + Krempel Ltd Bülach (CH)
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The trading company Müller + Krempel Ltd, a member of Vetropack Group, is one of Switzerland’s leading service providers for packaging for the food, pharmaceutical and cosmetics industries. In 2021, the company employed 13 people.

Impressions 2021

Vetropack stories

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Calculating sustainability

Operating sustainably and improving our carbon footprint are more important than ever. Vetropack is committed to keeping the environmental impact of glass production to a bare minimum by conserving natural resources accordingly, and is also evaluating all parameters that impact energy consumption in order to optimise them on an ongoing basis.

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Best Medium Workplaces™ 2021

The Vetropack Bülach site in Switzerland has been named as a Best Medium Workplace™. The award bears testament to the culture of trust between employees and managers and the fact that employees enjoy working for Vetropack.

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Vetropack Improved Performance Glass entering a new phase

A focus on pressing ahead with innovation is part of Vetropack Group’s Strategy 2030. The open innovation strategy focuses, among other things, on further developing VIP Glass technology from a pilot process into a fully industrialised process.

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Vetropack Switzerland installs label remover

The Energy Manager Pro tool, which Siemens has further developed specifically for Vetropack, will make it possible to clearly record, harmonise and compare all of the energy flows for every Vetropack Group plant in the future.

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Climate neutrality requires cooperation

Vetropack is working with the Elogate transport management platform to reduce its environmental footprint. The platform shows where the company currently stands and what impact has been made by which improvements.

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Returnable glass bottles on the rise

Glass is equally suitable for single- and multi-use purposes, and a returnable glass bottle can be reused more than 40 times. The debate surrounding the environmental impact of packaging is leading to a rise in demand for this kind of glass bottle.

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The next level of performance

The new coloured-glass production facility at the Croatian Vetropack plant in Hum na Sutli has not only resulted in a significant increase in capacity, but also allows for better working conditions, higher productivity and lower energy consumption. This strengthens the competitiveness not only of Vetropack Straža, but also of the entire Group.

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New labelling machine at Kyjov plant

The new labelling ready for dispatch. Thanks to a unique number, the location of the pallet can be traced at any time. This investment is a further step in the automation strategy of the Vetropack Group.

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Renovating the white glass line at the Pöchlarn plant

The replacement of the white glass line at the Pöchlarn plant took just 28 days to complete. On the one hand, the comprehensive modernisation boosts line utilisation and expands white glass production capacities. On the other, it provides improved ergonomic conditions for the line staff and, not least, increased occupational safety.

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Vetropack Straža organised a picnic

In a company with more than 600 people most of them never met or they communicate very rarely and stay professional in their communication. A company picnic is an excellent way to gather people out of their working places and make them get to know each other better. And, in this pandemic circumstances, outdoor event was a great way to associate safely.

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Actively shaping the environment

Vetropack Moravia Glass has been sponsoring the “Little things around us” project for four years now. Ideas to improve or shape our environment are implemented here with financial support. This successful commitment is now supported by Vetropack Nemšová too.

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