DOCSLIB.ORG

FG Annual Report 2011 ENG

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FG Annual Report 2011 ENG Overview Who we are 3 Company snapshot 4 Financial highlights 6 Global presence 10 Operational highlights 12 Chairman’s statement 14 Business review Frigoglass Jebel Ali 18 European Central Warehouse 20 Towards sustainable development 22 Strategy 24 Cool Operations 28 Western Europe 30 Eastern Europe 31 Africa / Middle East 32 Asia / Oceania 33 North America 34 Glass Operations 38 Management and governance Financial risks 40 Board of Directors 42 Remuneration and compensation 44 Corporate governance 45 Shareholder information 48 Contact 50 Frigoglass Annual Report 2011 Overview 3 Who we are Frigoglass is the leading player in the global Ice-Cold History Merchandisers (Beverage Coolers) market and one 1996 of the largest glass bottle producers in West Africa Frigoglass is established and the Middle East. We serve some of the world’s as a stand-alone company best known beverage companies offering them superior bespoke solutions in commercial refrigeration and 1999 Frigoglass is listed on the complete packaging solutions through our Athens Exchange Glass operations. Acquisition of Norcool We are a global company with 12 production plants 2001 and 22 sales offices in five continents. Our key drivers Acquisition of Husky in South Africa are quality, innovation and sustainability and our aim is to offer our customers superior customized 2007 products and solutions. Greenfield plant in Guangzhou, China 2008 Acquisition of SFA in Turkey 2009 Acquisition of Universal Nolin LLC in the USA 2 011 Acquisition of Jebel Ali Container Glass in Dubai 4 Overview Frigoglass Annual Report 2011 Company snapshot Our business Global player Blue chip customers 12 production plants, We serve the world’s Cool Operations 22 stand-alone sales best-known beverage offices and sales in more companies. Our customers than 150 countries. include The Coca-Cola Company bottlers, major 81% brewers (AB InBev, SAB Miller, Carlsberg, Heineken, Glass Operations Diageo, Efes and others), Pepsi bottlers and dairy companies (Nestle, Danone). % 19* of consolidated sales Frigoglass Annual Report 2011 Overview 5 After sales service Putting the customer first Through Frigoserve, we provide our We are committed to offering our customers a comprehensive and fully customers superior bespoke solutions integrated service offering. and we achieve this by building our business model around 3 pillars: quality, innovation and sustainability. Quality Competitive cost structure Putting the customer We manufacture in low cost countries, first generate economies of scale and have access to the world’s most competitive Sustainability Innovation supplier base. 6 Overview Frigoglass Annual Report 2011 Financial highlights 2 011 Sales EBITDA Net Profit 21.4% 9.9% 2.4% Year €m Year €m Year €m 2011 555.2 2011 81.6 2011 20.1 2010 457.2 2010 74.2 2010 20.5 2009 346.7 2009 53.4 2009* 8.5 2008 500.7 2008* 88.4 2008** 37.0 2007 466.1 2007 90.6 2007 45.5 * Comparable FY08 EBITDA excludes restructuring charges * Comparable FY09 net profit excludes one-off Special and capital gains (Reported FY08 EBITDA: € 85.5 million) Contribution Tax (Reported FY09 net profit: € 3 million) ** Comparable FY08 net profit excludes restructuring charges (Reported FY08 net profit: € 19.5 million) Frigoglass Annual Report 2011 Overview 7 Consolidated revenue breakdown By geography By customer group 2 011 % 2 011 % Western Europe 18.2 Coca-Cola bottlers 26.1 Eastern Europe 29.4 Coca-Cola Hellenic 27.4 Asia / Oceania 16.0 Breweries 25.9 Africa / Middle East 33.8 All other 20.6 North America 2.6 8 Overview Frigoglass Annual Report 2011 ICM sales 20.4% 81% Cool Operations of consolidated Global presence sales Ice-Cold Merchandisers (ICMs) stimulate the promotion and selling of ice-cold drinks. ICMs are an integral part of beverage companies’ strategy towards on-trade drink consumption. Frigoglass Annual Report 2011 Overview 9 Glass sales 26.3% 19 % of consolidated Glass Operations sales Africa/Middle East We manufacture glass containers and jars for beverage, pharmaceutical and cosmetic companies. Metal crowns and plastic crates complement the glass packaging solution offering. 10 Overview Frigoglass Annual Report 2011 Global presence Norway UK/Ireland Russia Germany Poland France Kazakhstan Romania Spain Turkey Cool Operations USA China Greece Western Europe Eastern Europe Africa/Middle East India Production plants Production plants Production plants and Sales offices: and Sales offices: and Sales offices: Dubai Greece Russia, Romania, Nigeria, Malaysia Turkey South Africa Kenya Sales offices: Nigeria Indonesia France, Germany, Sales offices: Sales offices: UK/Ireland, Norway, Poland Kenya, Dubai Spain Asia/Oceania North America South Africa Production plants Production plants and Sales offices: and Sales offices: Australia India, Indonesia, USA China Sales offices: Malaysia, Australia, Kazakhstan Glass Operations Africa/Middle East Production plants and Sales offices: Nigeria, Dubai Frigoglass Annual Report 2011 Overview 11 Norway UK/Ireland Russia Germany Poland France Kazakhstan Romania Spain Turkey USA China Greece India Dubai Malaysia Kenya Nigeria Indonesia South Africa Australia 12 Overview Frigoglass Annual Report 2011 Operational highlights Cool Operations Glass Operations Continued recovery in Europe Glass operations achieved its and strong performance in Africa . strongest ever result in 2011. Strong double digit growth In April 2011, Frigoglass acquired in Ecocool sales. 80% of the Dubai-based glass bottle and jar manufacturer, Jebel Ali Container Glass Factory, allowing us to expand our glass operations in new geographies and markets. Frigoglass Annual Report 2011 Overview 13 2011 Capex Awards New products We won the “Gold Award for Best Supplier of the Consolidated Year” at the 2nd Coca-Cola Capex Bottlers Philippines (CCBPI) Supplier Relationship € m Management Summit. 42.9 New products launched in 2011. Frigoglass was named Glass Operations “Best Supplier of the € m Cool Year 2011” by Britvic. 14.7 Operations €28.2m 14 Overview Frigoglass Annual Report 2011 Chairman’s statement I am pleased to report another year of 2011 was the most successful year yet for our The strength of our business reflects continued progress for Frigoglass, despite Glass Operations, during which we achieved our unwavering commitment to our the ongoing challenges posed by the a 26.3% growth in sales. We demonstrated corporate priorities. Quality, innovation macroeconomic environment. Against our commitment to growing this increasingly and sustainability are the three pillars at a difficult backdrop, we delivered strong important division through the acquisition the core of our success and have formed growth in Africa and North America of the Dubai-based Jebel Ali Glass. This the foundation for our strong customer and continued our recovery in Europe, acquisition strengthened our operations relationships. Frigoglass Ecocool, the world’s demonstrating the strength and resilience through additional technical expertise, first comprehensive range of environmentally of our business. customer relationships and enhanced market friendly Ice-Cold Merchandisers, is a perfect presence. The integration of Jebel Ali Glass example of how we have combined our The growth momentum we have developed into our business is progressing well and corporate priorities to achieve success. over recent years continued into 2011, and according to plan. We recognised early on the importance of during the year we recorded strong sales providing environmentally-friendly solutions to growth in both of our businesses. Our Cool The strong performance in both Cool and our customers which, like us, are committed Operations maintained its position as the Glass Operations is all the more encouraging to sustainability. We then focussed on leading player in the global market, delivering considering that it was achieved during a developing a world-class, innovative product a sales increase of 20.4%. The division period of rapidly increasing input costs. to address this need. Ecocool has become achieved growth across most of its markets, However, we maintained a keen focus on one of our most popular solutions, delivering with particularly impressive growth in Europe. tightly controlling operating costs, enabling double digit sales growth in 2011 and us to partially offset the impact of the volatile demonstrating the progress we can achieve commodity environment. Cost control is a through our focus on quality, innovation crucial discipline for us, and we are confident and sustainability. that by maintaining this focus we will be able to drive further efficiencies going forward. Frigoglass Annual Report 2011 Overview 15 Looking ahead, we anticipate that the We are grateful to all of our stakeholders macroeconomic environment will remain for their ongoing support. There are many challenging, especially in Europe. However, exciting opportunities ahead for Frigoglass we continue to benefit from the underlying and we are extremely optimistic about our strength of our business model, our future. As always, the driving force behind geographic diversity and the momentum our business is our commitment to delivering we have built over recent years – in spite the best returns for our stakeholders, and of this challenging economic backdrop. ensuring that they benefit from the future We are particularly optimistic of continued value which we believe we can create. strong performance in emerging markets, We are confident that, despite the challenges in line with our strategy for geographic
Load more

Recommended publications
  • National Pension Reserve Fund Annual Report 2010
    -9% 23% Annual Report and Financial Statements 2010 Treasury Building, Grand Canal Street, Dublin 2, Ireland. Telephone: (353 1) 664 0800 Fax: (353 1) 664 0890 30 June 2011 Mr. Michael Noonan, T.D., Minister for Finance, Government Buildings, Upper Merrion Street, Dublin 2 Dear Minister, I have the honour to submit to you the Report and Accounts of the National Pensions Reserve Fund Commission for the year ended 31 December 2010. Yours sincerely, Paul Carty, Chairman National Pensions Reserve Fund Commission Annual Report and Financial Statements 2010 Annual Report and Financial Statements Financial and Report Annual Annual Report and Financial Statements 2 National Pensions Reserve Fund Commission Annual Report and Financial Statements 2010 Contents REPORT From the Chairman 4 Annual Report and Financial Statements Key Facts and Figures 6 Fund Overview 7 Directed Investments 9 Investment Strategy Review 11 Market Review 15 Performance 17 Portfolio Review 19 Responsible Investment 26 Risk, Oversight and Controls 29 Fees and Expenses 30 Current Commissioners 31 Fund Governance 32 FINANCIAL STATEMENTS Commission Members and Other Information 38 Investment Report 39 Statement of Commission’s Responsibilities 40 Statement on the System of Internal Financial Control 41 Report of the Comptroller and Auditor General 43 Accounting Policies 44 Fund Account 46 Net Assets Statement 47 Administration Account 48 Notes to the Accounts 49 Annual Report and Financial Statements PORTFOLIO OF INVESTMENTS Portfolio of Investments 70 Glossary 112 National Treasury Management Agency – Corporate Information 113 3 National Pensions Reserve Fund Commission Annual Report and Financial Statements 2010 From the Chairman The structure of the National Principal developments Pensions Reserve Fund The principal developments during 2010 were: (“NPRF” or “the Fund”) and Annual Report and Financial Statements Financial and Report Annual the outlook for its future have In respect of the Discretionary Portfolio: significantly changed over the – the Commission agreed an updated investment past year.
    [Show full text]
  • Frigoglass Annual Report 2013 Customer Value
    Frigoglass Annual Report 2013 Customer value Frigoglass Annual Report 2013 Customer value 3 Contents Who we are 5 Letter from the Chairman 6 Statement from the CEO 7 2013 Financial highlights 8 Global presence 10 Strategic priority projects 13 People 16 Innovation 18 Sustainability 22 Business review 26 Corporate governance 32 Board of Directors 36 Remuneration 39 Financial risks 40 Shareholder information 42 4 Customer value Frigoglass Annual Report 2013 Frigoglass Annual Report 2013 Customer value 5 Who we are We are the global leader in the Ice Cold Merchandisers (ICM) market, ensuring that our customers’ products are uniquely positioned for the consumer. We are also the principal supplier of glass packaging in the high growth markets of West Africa. Frigoglass has established relationships with the world’s leading brands in the soft drinks and alcoholic beverage sectors. Our bespoke Ice Cold Merchandisers (beverage coolers) enhance our customers’ beverage branding at the point of sale and drive consumption. At the same time, our consistent ability to innovate, particularly in environmentally friendly refrigeration solutions, enables our customers to meet their ambitious sustainability and carbon emission reduction targets. With a truly global footprint, Frigoglass is well established in the more mature European markets while it is evolving into an emerging markets champion. We provide our customers with global coverage through our network of manufacturing facilities in 9 countries supported by a more extensive network of sales and after-sales representatives across five continents. In our glass bottle business, we are focused on the markets of Africa and the Middle East, which are a prime spot of investment for our customer base.
    [Show full text]
  • Green Is Cool Frigoglass Annual Report Welcome to Frigoglass
    Green is cool Frigoglass Annual Report Welcome to Frigoglass Welcome to Frigoglass Frigoglass is the leading player in the global Ice 01 Financial highlights 02 Company overview Cold Merchandisers (Beverage Coolers) market 04 Chairman’s statement and is the largest glass bottle producer in West 06 Managing Director’s statement Africa, meeting the needs of beverage companies across all drinks segments. Business review 08 Ecocool Today Frigoglass is the most geographically diverse 10 Strategic overview 12 Western Europe company in the ICM sector, with operations spanning 14 Eastern Europe 19 countries across five continents. Our production 16 Asia Pacific hubs are based in Romania, Russia, Greece, Turkey, 18 Africa/Middle East 20 Performance review India, China, Indonesia, South Africa, Nigeria, and 20 Cool Operations most recently in the USA. Standalone sales offices 21 Nigeria Operations are based in Poland, Norway, Ireland, Kenya, the 22 Corporate Social Responsibility Philippines and Germany, complemented by an Corporate Governance extensive network of sales representatives in Europe 24 Financial risk management and Australia. 25 Directors’ biographies 26 Remuneration and compensation The Company’s customer base consists of Coca-Cola 27 Corporate governance report Company Bottlers (such as Coca-Cola Hellenic, Company information Coca-Cola Enterprises, BIG, Coca-Cola Amatil, 28 Shareholders’ information Coca-Cola Sabco), Pepsi, brewers (such as Heineken, SABMiller, Carlsberg, ABInbev, Diageo, Efes), Pepsi, dairy companies (Nestle, Danone) and many others. Frigoglass aims to provide superior, bespoke solutions in beverage refrigeration which are proven to drive cold drink sales, whilst at the same time promoting sustainable development in its operations in order to minimize the impact on the environment.
    [Show full text]
  • PDF-Xchange 4.0 Examples
    Frigoglass Annual Report 2015 The Frigoglass Advantage www.frigoglass.com WorldReginfo - ccc5ac26-6c56-45a5-bac1-92eeb8883d20 Frigoglass Annual Report 2015 Contents Who we are 5 Chairman’s letter 7 CEO’s statement 8 2015 Financial highlights 10 Global presence 12 Strategic priorities 14 The Frigoglass Advantage 15 Integrated Services 24 Quality First 25 Cost Leadership 27 People 29 Sustainability 30 Business review 33 Corporate governance 38 Board of Directors 42 Remuneration 45 Financial risks 46 Shareholder information 48 3 WorldReginfo - ccc5ac26-6c56-45a5-bac1-92eeb8883d20 Frigoglass Annual Report 2015 The Frigoglass Advantage Who we are Frigoglass is a strategic partner to the world's leading beverage brands. We are the global leader in Ice Cold Merchandisers (ICM), providing our customers with a complete range of innovative merchandising solutions which uniquely position and promote their brands for consumers around the world. Frigoglass supplies Ice Cold Merchandisers (beverage coolers) to soft drinks and alcoholic beverage companies across five continents. Our market-leading products combined with our commitment for consistent, superior after-sales support, has allowed us to build and continuously develop long standing partnerships with our customers, which include leading beverage companies in the 100 countries that we serve globally. Our innovative coolers enhance our customers’ beverage branding at the point of sale and drive immediate consumption. In parallel to maximizing merchandising opportunities for our customers, we are committed to providing increasingly environmentally friendly product solutions which enable our customers to meet ambitious sustainability and carbon emission reduction targets. Frigoglass is also a leading supplier of glass packaging and related products to the high- growth markets of Africa and the Middle East.
    [Show full text]
  • John Hancock Funds II
    SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2009-01-29 | Period of Report: 2008-11-30 SEC Accession No. 0000928816-09-000117 (HTML Version on secdatabase.com) FILER John Hancock Funds II Mailing Address Business Address 601 CONGRESS STREET 601 CONGRESS STREET CIK:1331971| IRS No.: 000000000 | State of Incorp.:MA | Fiscal Year End: 1031 BOSTON MA 02210 BOSTON MA 02210 Type: N-Q | Act: 40 | File No.: 811-21779 | Film No.: 09554713 617-663-2166 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-21779 JOHN HANCOCK FUNDS II (Exact name of registrant as specified in charter) 601 CONGRESS STREET, BOSTON, MA 02210 (Address of principal executive offices) (Zip code) GORDON M. SHONE, 601 CONGRESS STREET, BOSTON, MA 02210 (Name and address of agent for service) Registrants telephone number, including area code: 617-663-2168 Date of fiscal year end: August 31 Date of reporting period: November 30, 2008 Item 1. Schedule of Investments. Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document JOHN HANCOCK FUNDS II PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) (showing percentage of total net assets) Floating Rate Income Fund Shares or Principal Amount Value TERM LOANS - 88.74% Aerospace - 2.00% Dubai Aerospace Enterprise, Term Loan Strip 8.45% due 07/31/2014 (b) $ 5,979,195 $ 3,408,141 Transdigm, Term Loan B Copyright © 2012 www.secdatabase.com.
    [Show full text]
  • Frigoglass Annual Report 2016 Frigoglass Annual Report 2016
    Frigoglass Annual Report 2016 www.frigoglass.com Frigoglass Annual Report 2016 Frigoglass Annual Report 2016 Contents Who we are 4 Chairman’s letter 7 CEO’s statement 8 2016 Financial highlights 10 Global presence 11 Strategic priorities 12 Customer Focus 13 Innovation Leader 16 Integrated Services 18 Quality First 20 Cost Leadership 23 People 24 Sustainability 27 Business review 31 Corporate governance 38 Board of Directors 42 Remuneration 45 Financial risks 46 Shareholder information 48 2 3 Frigoglass Annual Report 2016 Frigoglass Annual Report 2016 Who we are Frigoglass is a strategic partner to the world’s leading beverage brands. We are one of the global leaders in the Ice Cold Merchandisers (ICM) market and the principal supplier of glass packaging in the high growth markets of West Africa. Frigoglass has long-standing relationships With its footprint, Frigoglass is well established In our glass bottle business, we are focused with blue chip customers in the soft drinks in the more mature European markets while on the markets of Africa and the Middle East, and beverage industries. Our bespoke Ice Cold it is evolving and establishing its position in which are prime regions of investment for Merchandisers (beverage coolers) enhance emerging markets. We support our customers our customers. We aim to create value for our customers’ beverage branding and through manufacturing facilities in eight our customers by building on our position facilitate immediate beverage consumption. countries and an extensive network of sales as a leading supplier of glass bottles and At the same time, our leading innovations and after-sales representatives.
    [Show full text]
  • View Annual Report
    Frigoglass Annual report 2010 Interactive PDF User Guide Welcome to the Frigoglass annual report and accounts 2010. This interactive pdf allows you to easily access the information that you want, whether printing, searching for a specific item or going directly to another page, section or website. The different features are detailed below. Document controls Section navigation Use the document controls located in the top Use the links on the Contents page to navigate margin to navigate through this report. to the start of a statement. Use the Contents button to return to the contents. Search Section 1: Overview 1 Who we are 2 Highlights 4 Frigoglass in brief Print 6 How we work 8 Chairman’s statement 10 Managing Director’s review 12 Innovation Contents 14 Service 16 Glass Previous page Links Next page Throughout this report there are links to pages, other sections and web addresses for additional information. They are recognisable by the blue underline, simply click to go to the relevant page or web URL (www.frigoglass.com). www.frigoglass.com Annual report 2010 Sustainable innovation around the world Frigoglass Annual report 2010 Section 1: Overview Section 2: Business review Section 3: Management and governance 1 Who we are 18 Strategic overview 30 Board of Directors 2 Highlights 20 Performance review 31 Remuneration and compensation 4 Frigoglass in brief 20 Cool Operations 32 Corporate governance 6 How we work 22 Operating review 34 Shareholder information 8 Chairman’s statement 22 Western Europe 36 Contact information 10 Managing Director’s
    [Show full text]
  • FRIGOGLASS S.A.I.C. Annual Financial Report 2018
    FRIGOGLASS S.A.I.C. Annual Financial Report 2018 This document has been translated from the original version in Greek. In the event that differences exist between this translation and the original Greek text , the document in the Greek language will prevail over this document. FRIGOGLASS S.A.I.C. Commercial Refrigerators 15, A. Metaxa Street GR‐145 64 Kifissia Athens – Greece General Commercial Registry:1351401000 1 FRIGOGLASS S.A.I.C. Commercial Refrigerators Annual Financial Report for the period 1 January to 31 December 2018 It is confirmed that the present Annual Financial Report (pages 3 – 170) is prepared in accordance with article 4 of Law 3556/2007 and decision 8/754/14.04.2016 of the Board of Directors of the Hellenic Capital Market Commission and was approved by the Board of Directors of “FRIGOGLASS S.A.I.C.” on the 22nd March 2019. The present Annual Financial Report is available on the company’s website www.frigoglass.com. The Financial Statements and the Auditors’ Reports for the subsidiaries which are consolidated and they are not listed (in accordance with Capital Markets Board of Director’s Decision 8/754/14.04.2016) can be found on the following link: https://www.frigoglass.com/financial‐results/ TABLE OF CONTENTS Pages A) Board of Directors΄ Statement 3 B) Board of Directors΄ Report 4 C) Independent Auditor΄s Report 73 D) Financial Statements for the period 1st January to 31st December 2018 80 E) Alternative Performance Measures (“APMs”) 167 It is asserted that for the preparation of the Financial Statements the following individuals are responsible: The Chairman of the Board of Directors The Managing Director Haralambos David Nikolaos Mamoulis The Group Chief Financial Officer The Head of Financial Controlling Charalampos Gkoritsas Vasileios Stergiou 2 STATEMENT BY THE MEMBERS OF THE BOARD OF DIRECTORS In accordance with article 4 paragraph 2 of Law 3556/30.04.2007, we confirm that to the best of our knowledge: 1.
    [Show full text]
  • Frigoglass India Private Limited
    Frigoglass India Private Limited https://www.indiamart.com/frigoglass-india/ Frigoglass is the leading player in the global Ice-Cold Merchandisers (Beverage Coolers) market and is the largest glass bottle producer in West Africa, meeting the needs of beverage companies. Today Frigoglass is the largest and most ... About Us Frigoglass is the leading player in the global Ice-Cold Merchandisers (Beverage Coolers) market and is the largest glass bottle producer in West Africa, meeting the needs of beverage companies. Today Frigoglass is the largest and most geographically diverse company in the Ice-Cold Merchandising (ICM) market. Production hubs are located in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and most recently in the USA. Stand‑alone sales offices operate in Poland, Norway, Ireland, Kenya, the Philippines, Germany, France, Malaysia and Australia, complemented by an extensive network of sales representatives and distributors. The customer base includes Coca‑Cola Company bottlers (Coca‑Cola Hellenic, the Bottling Investments Group, Coca‑Cola Enterprises, Coca-Cola Amatil, Coca‑Cola Sabco and many others), major brewers (AB InBev, SABMiller, Carlsberg, Heineken, Diageo, Efes and others), Pepsi bottlers, dairy companies (Nestl, Danone). For more information, please visit https://www.indiamart.com/frigoglass-india/aboutus.html FRIGOGLASS I COOL REFRIGERATOR P r o d u c t s & S e r v i c e s Frigoglass 300 R290 ICool Frigoglass R290 300 Platinum Cooler ICool Cooler Frigoglass R290 300 Retro Frigoglass
    [Show full text]
  • Partnering for a Sustainable Future
    Frigoglass www.frigoglass.com Sustainability report 2010 Sustainability report Sustainability report 2010 Partnering for a sustainable future Frigoglass Sustainability report 2010 01 Message from the Managing Director 12 Product responsibility 24 Social responsibility 02 Our Sustainability strategy 12 Environmental impact of our products 24 Workplace 03 Stakeholder engagement 14 Quality and safety of our products 29 Community 05 Key performance indicators 15 Customer engagement 30 Global Reporting Initiative table 06 Targets 16 Sustainable operations 37 About this report 08 About the Company 16 Impact of operations 08 About Frigoglass 22 Supplier-partners engagement 09 Why Sustainability is important to us 10 Risk management and governance 11 How we operate around the world Frigoglass Sustainability report 2010 01 Message from the Managing Director Our people are what makes Frigoglass a success and we need to sustain In the past few years we have laid the groundwork a high level of motivation and for our Sustainability programme and we are now engagement by providing a safe, working steadily towards integrating Sustainability inclusive environment where into our corporate strategy. Our Sustainability employees are rewarded for their strategy is based on three pillars: Product efforts and provided with ongoing Responsibility, Sustainable Operations and Social professional development Responsibility. This report is structured accordingly opportunities. and sets out key impacts, performance and initiatives in each of these areas. In terms of Product Responsibility, beverage coolers or Ice-Cold Merchandisers (ICMs) contribute significantly to our customers’ greenhouse gas emissions. As such, we continue towards developing more energy-efficient and environmentally friendlier products. We are proud to be the company that launched Ecocool, the world’s first complete range Petros Diamantides of environmentally friendlier ICMs.
    [Show full text]
  • Annual Financial Report 2017
    Annual Financial Report 2017 This document has been translated from the original version in Greek. In the event that differences exist between this translation and the original Greek text , the document in the Greek language will prevail over this document. FRIGOGLASS S.A.I.C. Commercial Refrigerators 15, A. Metaxa Street 145 64 Kifissia, Athens – Greece General Commercial Registry: 1351401000 1 FRIGOGLASS S.A.I.C. Commercial Refrigerators Annual Financial Report for the period 1 January to 31 December 2017 It is confirmed that the present Annual Financial Report (pages 3 – 189) is prepared in accordance with article 4 of Law 3556/2007 and decision 8/754/14.04.2016 of the Board of Directors of the Hellenic Capital Market Commission and was approved by the Board of Directors of “FRIGOGLASS S.A.I.C.” on the 23rd April 2018. The present Annual Financial Report is available on the company’s website www.frigoglass.com. The Financial Statements and the Auditors’ Reports for the subsidiaries which are consolidated and they are not listed (in accordance with Capital Markets Board of Director’s Decision 8/754/14.04.2016) can be found on the following link: https://www.frigoglass.com/financial‐results/ TABLE OF CONTENTS Pages A) Board of Directors΄ Statement 3 B) Board of Directors΄ Report 4 C) Independent Auditor΄s Report 83 D) Financial Statements for the period 1st January to 31st December 2017 91 E) Alternative Performance Measures (“APMs”) 183 F) Report on the use of funds 186 G) Independent Auditor΄s Report on the use of funds 188 It is asserted that for the preparation of the Financial Statements the following are responsible: The Chairman of the Board of Directors The Managing Director Haralambos David Nikolaos Mamoulis The Group Chief Financial Officer The Head of Finance Emmanouil Fafalios Vasileios Stergiou 2 STATEMENT BY THE MEMBERS OF THE BOARD OF DIRECTORS In accordance with article 4 paragraph 2 of Law 3556/30.04.2007, we confirm that to the best of our knowledge: 1.
    [Show full text]
  • Going Forward
    Frigoglass Annual Report 2012 Going Forward Frigoglass Annual Report 2012 Contents Who we are 5 Letter from the Chairman 6 Statement from the CEO 7 Financial highlights 8 Global presence 10 Going Forward 13 Megatrends 14 Strategic priority projects 15 Operating structure 16 People 19 Innovation 20 Operational excellence 22 Sustainability & CSR 24 Business review ICM Europe & North America 26 ICM Asia & Africa/Middle East 28 Glass 30 Corporate governance 32 Board of Directors 35 Remuneration 37 Financial risks 38 Shareholder information 40 >> 3 Frigoglass Annual Report 2012 4 >> Frigoglass Annual Report 2012 Who we are Frigoglass is a strategic partner to beverage brands History throughout the world. We are the global leader in the Ice Cold Merchandisers (ICM) market and the 1996 >> principal supplier of glass packaging in the high growth Frigoglass is established as markets of West Africa. a stand-alone company Frigoglass has long-standing relationships with blue chip 1999 >> Frigoglass is listed on the customers in the soft drinks and beverage industries. Athens Exchange Our bespoke Ice Cold Merchandisers (beverage Acquisition of Norcool coolers) enhance our customers’ beverage branding and trigger immediate beverage consumption. 2001 >> At the same time, our leading innovations in the field Acquisition of Husky of green refrigeration enable beverage companies in South Africa to meet their ambitious sustainability and carbon 2007 >> emissions reduction targets. Greenfield plant in Guangzhou, China With a truly global footprint, Frigoglass is well established in the more mature European markets 2008 >> while it is evolving into an emerging markets champion. Acquisition of SFA in Turkey We efficiently support our customers around the 2009 >> world through manufacturing facilities in ten countries Acquisition of Universal Nolin LLC and an extensive network of sales and after-sales in the USA representatives in five continents.
    [Show full text]