Glass Price Threat To Builders

Theherald.co.uk reported that the building industry is facing the threat of a dramatic rise in the price of glass this year after private warnings by Europe's major manufacturers that they are withdrawing capacity and introducing quota supplies.

The price of float glass, a vital feature of all major new developments, is set to rocket by as much as 15% per quarter during 2007, while speciality glass is likely to be hiked by 30% during the year, according to briefings by manufacturers.

Tom Lamb, managing director of Charles Henshaw in Edinburgh, one of the biggest suppliers to developments all over the UK, gave the following warning to contractors, consultants and project backers: "All the major European glass producers have made a decision to reduce their production capacity for float glass.

600450 Glass Price Threat To Builders glassonweb.com

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