Float glass market poised for 15% growth

The Rs 5,000-crore architectural glass industry is poised for at least 10% growth, according to industry sources. The industry has witnessed a rapid growth in the float glass segment.

Currently, float glass holds 70% of the market share. Industry estimates show that this sector has grown by 8% in the last few years and is expected to register a 10-15% growth in the next few years.

Zak Glasstech International, a glass industry-related trade event, being held in Mumbai from December 11, is expected to provide a platform to showcase the latest in glass and glazing technology. It was first held in 2003 in Mumbai and has gone on to become a hub for the SAARC region.

The event is likely to have 200 participants from Italy, China, US, UK and UAE showcasing cutting-edge designs and products for the India market. In 2003, 70 companies participated in the trade show, while in 2004, 74 participants were present at the New Delhi event and now, the numbers have crossed the hundred-mark, with firms from 20 countries registering for this four-day trade event.

“This event will help bring in new technology, services, cost effective production methods, better quality products and help forge global trade relationships,” says Syed Zakir Ahmed, MD, Zak Trade Fairs & Exhibitions Pvt Ltd.

The Indian glass industry has seen a rapid rate of progress with new investments, products and designs coming into the market. “In an industry progressing as rapidly as ours, there is a need for exchange of innovative ideas and evolving industry standards,” says B Santhanam, MD, Saint-Gobain Glass India.

600450 Float glass market poised for 15% growth glassonweb.com
Date: 9 December 2005
Source: Dnaindia.com

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
Japan 1 2 1 S. Korea 6 6 3 Southern Taiwan 4 2 0 Central Taiwan 0 4 2 AGC Japan 0 1 1 Taiwan (Yunlin) 1 1 1 Source: PIDA (Photonic Industry & Technology Development Association) Taiwan TFT-LCD Panel Makers Happy to See Substrate-price Falls in 2006 Taipei, Dec. 27, 2005 (CENS)--Both of the world's top-two glass-substrate makers are actively expanding their production capacity in Taiwan, which is expected to cut substrate transportation time and cost for local thin film transistor-liquid crystal display (TFT-LCD) panel makers and boost production efficiency, according to Michael Wang, project manager and senior analyst of Taiwan's PIDA (Photonic Industry & Technology Development Association).According to Wang, Asahi Glass Co. (AGC) of Japan has solved problems in lowering the defect-free rate for the production of fifth- and sixth-generation (5G, 6G) glass substrates, and is expected to tap the market with products with higher price competitiveness in 2006 to grab more market share in the 6G substrate businessIn addition, Wang added, the aggressive capacity added by both Corning of the U.S., the world's No. 1 substrate supplier, and AGC, the No. 2, will lead to price drops for glass substrates and will especially benefit TV panel makers such as AU Optronics Corp. (AUO) and Chi Mei Optoelectronics Corp. (CMO) in TaiwanCurrently, Wang pointed out, a 6G substrate is priced at about 27,000 to 30,000 Japanese yen, about 1,000 to 2,000 yen lower than in the third quarter of 2005.

Add new comment