August 24 (SeeNews) - Swiss company Global Glass Group - the owner of Serbian glassmaker Srpska Fabrika Stakla (SFS) and Slovenia’s Steklarna Hrastnik - will soon be renamed as Vaider Group, Steklarna Hrastnik said.
The renaming is part of a thorough overhaul of the image and trademarks of the group, with the purpose of providing even more efficient corporate management and positioning in the market of packaging glass, Steklarna Hrastnik said in a press release on Wednesday.
“The group will continue to expand and grow organically. Development plans in both subsidiaries, Steklarna Hrastnik in Slovenia and SFS Paraćin in Serbia, are currently ongoing and are already being implemented,” said Igor Law, president of the Vaider Group.
Global Glass said in December that it plans to invest over 300 million euro ($325.3 million) in Srpska Fabrika Stakla (SFS) in the next six years.
GlobalGlass completed the takeover of insolvent Serbian glassmaker Srpska Fabrika Stakla (SFS) for an undisclosed sum in October 2022.
($ = 0.9220 euro)