Druzhba Staklarski Zavodi Expanding Production Capacities

By the end of 2007 Druzhba Staklarski Zavodi AD-Sofia intends to expand the production capacities on the territory of its plant in Plovdiv by building a new furnace and glass packaging production line, BSE announced.

The planned capacity is 100 mln bottles annually. The new furnace will be equipped with modern technologies and will meet all environmental standards.

The investment is a part of Druzhba Staklarski Zavodi AD-Sofia’s parent company Yula Glassworks AD, Greece’s plans to expand its production in Bulgaria opening new jobs and establishing its positions in EU, the company added.

The main shareholders of Druzhb Staklarski Zavodi are Barek Overseas Limited with 50.71% of its capital and Glassinvest with 46.91%.

The shares of the company are suspended from trade because it did not submit its first quarter financial report within the term set. The last transaction on this position was made on 25 April at 60.01 leva/share.

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