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Frigoglass

Company nameFrigoglas S.A.I.C.
Company typePublic (Athex - ΦΡΙΓΟ] Bloomberg Code:Frigo GA
Key peopleHarry G. David Chairman of the BoD
Petros Diamantides CEO
ProductsCommercial Refrigeration (Ice Cold Merchandisers)
and Glass Containers
Revenue- 337.6 million (2009)
Operating income- 28.9 million (2009)
Net income- 3.0 million (2009)
Employees4,209 (2009)

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

Frigoglass has operations in 19 countries across 5 continents including production hubs in Romania, Russia, Greece, U.S.A., Turkey, India, China, Indonesia, South Africa and Nigeria, sales offices in Poland, Norway, Ireland, Kenya, Philippines, Germany, France, Malaysia and Australia. The company's customer base consists of the Coca-Cola Company Bottlers (Coca-Cola Hellenic, Coca-Cola Enterprises, BIG, Coca-Cola Amatil, Coca-Cola Sabco), Brewers (Heineken, SABMiller, Carlsberg, ABInbev, Efes), Pepsi and Dairy companies (Nestle, Danone) and many others.Frigoglass's target is to provide commercial refrigeration products. In this context Frigoglass is heavily investing in the next generation of refrigeration technologies that consume less energy and use environmentally friendly refrigerants and insulation agents.

Glass operations consist of two plants in Nigeria with three furnaces and represent 75% of Nigeria Operations revenue. The other two operations of crowns and plastics in Nigeria are complementary to glass and provide customers of the beverage, pharmaceutical and cosmetics industry with a complete solution.

The company's stock is 44% owned by BOVAL S.A. and trades in the Athens Stock exchange.


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