- March 23, 2023
Heinz-Glas, the world’s largest glass perfume bottle producer in Germany, is facing a whole new crisis. So far, they survived two world wars and 1970 oil crisis. Currently, this is the largest energy emergency the family-owned company has ever faced, with Russia and Ukraine war going on, the pipeline of gas flowing from Russia has cut off by 80 percent. This is to weaken Europe’s biggest economy from supporting Ukraine. The company has been making an annual revenue of around 300 millions euros and is exporting around 80% of the production output. With the Russia invasion of Ukraine, this may no longer possible.
Berlin, Germany is struggling to look for another energy source to replace gas which was once 55 percent of its total gas imports. This has caused energy prices to soar up to 10 to 20 times. This is not only the case with Heinz-Glas, many of Germany’s industries are affected by the reduced gas supply. As such, they are looking at alternatives as well as the government has warned that Russian gas may be cut off entirely.
Germany ‘s largest chemical company, BASF is looking towards fuel oil for its second largest factory in Germany. While Henkel, is considering work from home arrangements to save energy resources for production. Regardless, the total halt of Russia gas flow will have devastating consequences for many industries in Russia.
Heinz-Glas produces nearly 70 tonnes of small glass bottles for perfumes in French group L’Oreal. This could have major impact on supply chain issues for L’Oreal. As lack of production from Germany as well as increased cost of energy will bring up prices of glass bottles, consumers may see shortage of products or price increases in their favourite perfumes.
A crisis for one may present an opportunity for another. Glass manufacturers from other countries may have a new door open for them, as L’Oreal will likely source for alternative producers to fill this gap. Exporters of glass from other parts of the world will see this new opportunity of importers as many companies will search for new exporters instead of Germany.
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