Verallia Temporarily Stops Production of Its Zorya Site in Ukraine
28 Février 2022 - 05:45PM
Business Wire
Regulatory News:
Verallia (Paris:VRLA) has been following very closely the
developments in Ukraine since Wednesday night and sadly regrets
this current development. The Group first priority is to ensure the
safety of its employees.
Given the recent evolution of the situation and to protect its
teams locally, Verallia has decided to temporarily suspend its
production in Ukraine while keeping its two furnaces in hot
condition for the moment.
"We have decided to temporarily shut down production - in line
with our crisis plans - in an orderly and controlled manner at the
present time in order to protect the workforce," says Dr. Dirk
Bissel, CEO of Verallia Deutschland AG, to which the site belongs.
"Thanks to our preparations in recent weeks and months, the
situation at the plant can proceed in a planned manner and without
any major risk," Dr. Dirk Bissel continued.
Verallia has limited exposure to Ukraine, with one plant located
in the West part of the country. Last year sales represented around
€50 million in 2021. Half of the production is sold to local
customers while the rest is mostly exported to rest of Europe.
Verallia is following the situation on a real time basis. Should
the situation worsen, the Group would completely stop its
production in a controlled manner that preserves the capital
investment and allows the plant to be restarted at some point in
the future.
The whole Group thanks and supports all the teams on site for
their cooperation and commitment during this difficult and special
time, wishing an early, peaceful end to the disputes and thus a
rapid return and normalization of the situation.
About Verallia – At Verallia, our purpose is to
re-imagine glass for a sustainable future. We want to redefine how
glass is produced, reused and recycled, to make it the world's most
sustainable packaging material. We are joining forces with our
customers, suppliers and other partners across the value chain to
develop beneficial and sustainable new solutions for all.
With around 10,000 employees and 32 glass production facilities
in 11 countries, we are the European leader and the world's
third-largest producer of glass packaging for beverages and food
products. We offer innovative, customised and environmentally
friendly solutions to over 10,000 businesses worldwide.
In 2021, Verallia produced more than 16 billion glass bottles
and jars and posted revenue of €2.7 billion. Verallia is listed on
compartment A of the regulated market of Euronext Paris (Ticker:
VRLA – ISIN: FR0013447729) and is included in the following
indices: SBF 120, CAC Mid 60, CAC Mid & Small and CAC
All-Tradable.
For more information, visit www.verallia.com
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Verallia Investor Relations
contact Alexandra Baubigeat Boucheron –
alexandra.baubigeat-boucheron@verallia.com
Press contacts Julie
Bastien - julie.bastien@verallia.com Brunswick - Benoit
Grange, Hugues Boëton, Tristan Roquet Montegon -
verallia@brunswickgroup.com - +33 1 53 96 83 83
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