As part of this process, Frigoglass’ Silivri-based Turkish manufacturing plant will cease operations by the end of 2014.
“Through this consolidation of its European operations, Frigoglass will significantly improve its cost structure and strengthen long – term competitiveness. The commercial and customer service activities in Turkey will be seamlessly continued during the integration period and beyond,” the company announced.
Thus, Frigoglass will adjust its manufacturing capacity to the lower level of demand in Europe over the past few years.
“The integration of the Turkish operations into our Romanian plant is a quantum leap for Frigoglass. It will drive economies of scale, improve overhead cost absorption and reduce complexity within our manufacturing footprint in Europe,” Torsten Tuerling, Chief Executive Officer of Frigoglass, stated.
Frigoglass is a global leader on the Ice Cold Merchandiser (ICM) market and leading supplier of glass bottles and complementary packaging solutions in West Africa and the Middle East.