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Frigoglass

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Frigoglass
Company typeAthex: FRIGO
IndustryIndustrial
Key peopleHaralambos (Harry) G. David (Chairman)
ProductsCommercial Refrigeration (Ice Cold Merchandisers)
Glass Containers
Revenue€333.23 million (2020)<
Operating income€20.94 million (2020)
Net income€(8.75) million (2020)
Total assets€354.31 million (2020)
Total equity€(82.19) million (2020)
OwnerNew DebtCoc (85%)
Truad Verwaltungs A.G. (15%)
Number of employees4,782 (2021)
Websitewww.frigoglass.com

Frigoglass is a manufacturer in commercial refrigeration and West Africa's leading glass producer.

Frigoglass has operations in many countries across Europe, Asia, Africa and the Middle East including production hubs in Romania, Russia, Greece, India, Indonesia, South Africa and Nigeria, in addition to sales offices in Hungary, Germany, Poland, Norway, Turkey and Kenya. The company's customer base consists of the Coca-Cola Company bottlers (Coca-Cola Hellenic, Coca-Cola European Partners, BIG, Coca-Cola Amatil, Coca-Cola Sabco), brewers (Heineken, SABMiller, Carlsberg, AB InBev, Efes), Pepsi, and dairy companies (Nestle, Danone).

Glass operations consist of two glass plants with three furnaces, two plastic crates production facilities and one metal crown production facility in Nigeria.

The company's stock is 48.55% owned by Truad Verwaltungs AG and trades in the Athens Stock exchange.

Criticism

In response to the 2022 Russian invasion of Ukraine, Frigoglass has continued its operations in Russia. The company has not announced any changes to its business activities in the country, maintaining its presence and operations as usual.

References

  1. ^ "2020 Frigoglass Annual Report" (PDF). frigoglass.com. Retrieved 19 January 2024.
  2. "Frigoglass: Συμφωνία με τους ομολογιούχους για αναδιάρθωση - Αποκτούν τo 85% της νέας εταιρείας - BusinessNews.gr".
  3. "Frigoglass". craft.co. Retrieved 19 January 2024.
  4. "Frigoglass". leave-russia.org. Retrieved 12 December 2024.
  5. "Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain | Yale School of Management". som.yale.edu. Retrieved 12 December 2024.

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