“Increasing competition in the market, fuelled by imports and increasing raw material prices to decrease the profit margins of the Russian glass industry in the coming five years.
The Russian glass manufacturers remained untouched by the global economic slowdown and the current Euro crisis because of increasing internal demand for glass.The macro scenario of the industry looks bright. The growth of the Russian glass industry has been above expectations both in terms of value and volume in the past five years. The Russian glass market has performed far better in comparison to the global glass market during the same period on the sidelines of rapid real estate development, increasing sales of alcoholic beverages, and increasing demand of technical glass from manufacturing sector.
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