Longwei is a professional manufacturer of glass bottles and lids with over 20 years of production experience.
Language
Longwei is a professional manufacturer of glass bottles and lids with over 20 years of production experience.
In its latest financial note, the glass container manufacturer said three major developments were dominant during the first half of 2022: the ongoing Ukraine conflict, increases in energy and production costs, and sustained high demand for packaging glass.Sharp increases in energy and production costs led to major market price adjustments in the packaging glass industry. Nevertheless, unabated high demand for glass packaging and capacity reductions caused by the shutdown of the Ukrainian glass industry have already led to a number of bottlenecks in meeting customer demand throughout Europe. The market is subject to increasingly negative effects due to inflation, the general cost trend and the related decrease in purchasing power in 2022.
The European packaging glass industry and its customers continue to anticipate high demand for packaging glass.Capacities for 2023 are utilised and inventory levels are low at the start of the year.Bottlenecks in the logistics chain continue to be likely existed. Costs of energy, operating materials and personnel can be expected to rise in 2023.A price increase in the low doubledigit percentage range can be anticipated.
Glass container producer Vetropack reported increased sales despite the Ukraine war and rising energy costs.Persistent delivery bottlenecks, the Ukraine war and rising prices impacted Glass container producer Vetropack's sales last year, the glass container manufacturer reported.Although the challenging environment,the glass container producer still reported increased sales in 2022 of 10.2% compared to 2021.
This year,2023,is a opportunity for our domestic glass bottle factories.We believe our production line and production capacity could take part in international market and cator the current needs.
Longwei is proud of its rich experience in glass packaging industry. We’ve served over 100 baby brands across the world.
