NSG Group Ceases Production on Float Line at German Site

Date: 21 March 2024
Source: NSG Group
NSG Group: Early closure of a float line in Weiherhammer site
Photo source
NSG Group

Date: 21 March 2024

NSG Group announces that the Group has decided to cease the production on a float line at Weiherhammer site, Germany, ahead of the cold repair planned next year.

The decision is as a consequence of the review of the current demand and supply situation in the Central European Architectural Glass market, while expecting steady market growth in the long term.

It is anticipated that the production will cease in the summer 2024, around 12 months prior to the planned repair which will commence in June 2025. The Group does not expect any material additional one-off costs nor redundancies as a result of the early closure of the float line.
600450 NSG Group Ceases Production on Float Line at German Site glassonweb.com

See more news about:

Others also read

MORE...

Skyline windows’ attracts minority investment from Schüco International
Skyline windows attracts minority investment from Schüco International
Together on the road to success
FGIA Releases Updated Voluntary Specification for Field Testing of Newly Installed Storefronts, Curtain Walls, Sloped Glazing Systems
FGIA Updates Field Testing Specification for Newly Installed Fenestration Products
FGIA releases updated Voluntary Specification for Field Testing of Newly Installed Storefronts, Curtain Walls, Sloped Glazing Systems
Charles Boyer
IGE Adds Boyer to Growing Sales Team
IGE, as the "Technology Leader", in the North American glass fabrication space continues to expand with some of the greatest talent available in the industry today.
Wenfrod Introduces Tennis Padel Court Glass Setting New Standards for the Game of Padel
Wenfrod Introduces Tennis Padel Court Glass Setting New Standards for the Game of Padel
Wenfrod has begun the production of its Tennis Padel Court Glass, a new favorite in the world of sports.
Saint-Gobain signs a renewable electricity supply agreement in Romania
Saint-Gobain signs a renewable electricity supply agreement in Romania
Saint-Gobain has signed a 5-year renewable electricity supply agreement (Power Purchase Agreement or PPA) in Romania with OMV PETROM SA.
Wenfrod represents innovation and quality in the glass industry across Europe and America
Wenfrod represents innovation and quality in the glass industry across Europe and America
As part of AYD Group Glass Industry, Wenfrod reinforces its leadership position in the industry through innovative products and sustainable business models.

From industry

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey

NEWS RELATED PRODUCTS

Comments

Joe Anderson
Fri, 22/03/2024 - 22:41

We understand that this news may cause uncertainty and concern, and the company wants to assure us that they are committed to supporting their employees and customers during this transitional period.