As a major manufacturer of glass containers, Vidrala supplies some of Europe’s most well-known food and beverage brands with packaging materials for their products. The company has made a strong commitment to sustainability and is seeking to make a large impact, both in its own sector and in the wider world. In 2020, Vidrala was one of the first companies in Europe to invest in HSBC’s Green Deposits Scheme.
Vidrala is a consumer packaging and logistics company that makes glass containers for food and beverages. The company also offers a range of packaging services that include logistic solutions and beverage filling. It was founded in 1965 and is headquartered in Llodio, Spain.
Vidrala has become the leading glass container manufacturer in Spain, producing more than 10 million bottles and jars per year, with an annual revenue of EUR 1,010 million for FY2019.
Vidrala is committed to sustainability and believes that glass is one of the most sustainable packaging materials available. Glass is 100% recyclable and manufactured from widely available natural resources through non-polluting production processes. As the world has become more conscious of consumption habits and packaging has come under scrutiny, Vidrala has seized the opportunity to provide more sustainable packaging options.
The packaging industry is critical to achieving a circular economy in Europe – currently the industry has a recycling rate of 76% and the goal is to reach 90% by 2030. Additionally, Vidrala is committed to supporting the achievement of the UN Sustainable Development Goals, with a particular focus on affordable and clean energy, decent work and economic growth, responsible consumption and production, climate action and partnerships to reach these goals.
While Vidrala has been at the forefront of boosting sustainability in its own sector, the company is looking for opportunities to make an even greater impact – beyond its industry.
This was when Vidrala learned about the HSBC Green Deposits scheme, which is designed to finance environmentally sustainable projects. The company has invested an initial sum of £5 million from its UK subsidiary Encirc. As a leading sustainable packaging manufacturer, more than 80% of Encirc’s customers cite the company’s sustainability credentials as a key benefit for them.