Vetropack Group: 2012 profit increased following sale of land

Date: 25 June 2012
Source: www.vetropack.com

Date: 25 June 2012

Bülach, 21 June 2012 – The Vetropack Group is anticipating a higher consolidated annual profit in the current fiscal year.

The profit increase of approximately CHF 36 million was not generated through operations, but is the result of the successful sale of plots of land located in the Bülach Nord district and measuring over 40,000 m2 to the two non-profit housing cooperatives Logis Suisse AG and Baugenossenschaft Glattal Zürich. The total selling price has not been disclosed.

The investors plan to develop the industrial area, which has lain abandoned in recent years having previously been home to the former Bülach glassworks, into a multi-purpose site which will include housing, offices, services and leisure facilities.

For further information, please contact:

Claude Cornaz, CEO    

Vetropack Holding Ltd   

Tel. +41 (44) 863 32 04    

www.vetropack.com   

Inge Jost

Vetropack Holding Ltd

Tel. +41 (44) 863 33 12

www.vetropack.com


600450 Vetropack Group: 2012 profit increased following sale of land glassonweb.com

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