Stirom Bucharest (STIB.RO), owned indirectly by Portugal’s BA Vidro, was delisted from the Bucharest Stock Exchange in February.
BA Glass Romania, formerly Stirom, had a turnover of RON268 million in 2017, up 6% compared with 2016, and a profit of RON41 million, up 150% on the year, Trade Registry data showed. The local company had 403 employees in 2017 and its profit margin climbed to over 15%.
The production unit in Bucharest is the main supplier of glass containers for large manufacturers in the beer and soft drinks industry.
BA Glass Romania is controlled by MGL Mediterranean Glass Limited of Cyprus, a subsidiary of BA Glass Netherlands, owned by two Portuguese companies. BA Glass has 13 factories in seven European countries and 3,800 employees. It sells glass containers in 80 countries worldwide.