Glass Industry News

Orora confirms price of Saverglass acquisition

, Orora Group

Australian packaging group Orora has said its acquisition of Saverglass was completed for €1,309.7m ($2,158.8m).

In its latest financial note, Orora said an extra $40.4 million was also spent on transaction costs relating to the acquisition of the French glass manufacturer.

Its financial results of the second half of 2023 reported that the first month of Saverglass’ earnings since the acquisition on December 1 were in line with expectations.

It said: “Saverglass’ results for the first month under Orora ownership, were in line with the December 2023 trading update, contributing revenue of €69.5m, EBITDA of €15.1m and EBIT of €8.1.”

In its outlook for 2024 it warned against the continued softening of glass packaging, stating ‘In Australasia, continued strength in cans in financial year 2024 is expected to offset the ongoing softness in glass from lower commercial wine volumes and lower beer bottle sales.’ 

It added that the integration of its Gawler, South Australia glass production facility has commenced into the Saverglass group, which it said will bring synergies of approximately $15m from financial year 2025 thanks to network optimisation, cost rationalisation and operational efficiencies across the combined glass business.

Site preparation has commenced for an oxygen plant to upgrade the G3 furnace at Gawler to oxyfuel technology in financial year 2025. 

"This will enable an approximate 20% reduction in G3 furnace CO2 emissions and move it into the top 10% of energy efficient furnaces worldwide, delivering a step change reduction in greenhouse gas emissions.”

Saverglass’ F5 furnace was recommissioned as a low-carbon hybrid furnace in the first half of financial year 2024, with up to 30% electricity boost and delivering a CO2 reduction of 12% per tonne of glass produced, with successful hydrogen fuel trials completed in Feuquieres, France.

As part of the company’s Circular Economy Pillar, Orora achieved a 38% recycled content in the glass packaging it manufactures and is on track to achieve its 2025 goal of 60%. Notably, its Saverglass business achieved 73.3% of cullet in coloured glass. 

The Cullet Beneficiation Plant at Gawler, South Australia, continues to divert cullet from landfill, supported by Orora’s cullet sourcing programme. 

Orora uses approximately 80% of the recycled cullet from South Australia’s Container Deposit Scheme (CDS) and most of the cullet from Western Australia’s CDS. 

The cullet sourcing programme is now active in all mainland Australian states with additional cullet sourced from the Victorian CDS from November 2023.

, © Orora Group

Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.

Info Grid

Glass studies

Updated worldwide glass study 2024

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Perfil da Empresa

Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via

Updated container glass study 2024


Updated float glass study 2024


Further glass studies and reports 2024