Brussels clears German glass plant

Date: 21 April 2004
Source: Eupolitix.com

Date: 21 April 2004

The European Commission has given the green light to state aid for a new glass plant operated by company E-glass in Saxony-Anhalt, Germany.

The aid for the plant dealing in ‘raw float glass’ – the most common type of flat glass - comprises 35 per cent of total investment reaching €121 million, and will create 186 jobs with the firm and more than 300 additional jobs in the region.“The aid intensity of 35 per cent gross will not lead to an undue distortion of competition since the relevant market is not in decline,” said the EU executive on Tuesday.The European Commission has given the green light to state aid for a new glass plant operated by company E-glass in Saxony-Anhalt, Germany.

The aid for the plant dealing in ‘raw float glass’ – the most common type of flat glass - comprises 35 per cent of total investment reaching €121 million, and will create 186 jobs with the firm and more than 300 additional jobs in the region.

“The aid intensity of 35 per cent gross will not lead to an undue distortion of competition since the relevant market is not in decline,” said the EU executive on Tuesday.
600450 Brussels clears German glass plant glassonweb.com

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