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Petros Diamantides, Managing Director, Frigoglass, commented:
"We are pleased to report another set of strong results, with the second quarter continuing the pace set in the first. This performance bears testament once again to the importance of the broad geographic spread of our business, with Cool Operations growth being led by the ongoing momentum in Asia/Oceania, the recovery in Eastern Europe, and positive performance in Africa/Middle East.  In addition, customer diversification continues, with new segments exhibiting promising growth. Glass operations also improved top line performance in the second quarter.
Furthermore, Frigoglass continues to focus on organic growth platforms through investment in Innovation & Development. The substantial contribution of EcoCool to Cool Sales evidences this success and we are encouraged that our commitment to Sustainability is resulting in Industry accolades.
We expect the second half of the year to demonstrate similar trends and remain cautious on recovery prospects in Western Europe. The benefits of our restructuring initiatives are expected to cushion the impact of escalating input costs, and our improving capital structure leaves us flexible with regard to pursuing attractive growth opportunities."
 

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