Glaverbel cuts float glass output by 35,000 tonnes via 3-mth plant closure

Glaverbel said it will shut down its float glass plant at Tiel, Netherlands for three months, thereby withdrawing 35,000 tonnes of glass from the market as of end-April.

The Tiel plant produces clear glass destined mainly for the construction industry which is experiencing difficulties in both the Netherlands and Germany, it said.It said that although the European Group of Flat Glass Producers forecast demand growing by 1 pct this year, demand for clear glass for European construction markets "is contracting with resulting pressure on prices."Glaverbel added it is able to adapt glass output to demand "without affecting supplies to the automotive market or specialised industrial applications" by adjusting output at its 15 production plants in Europe.The latest cut is in addition to an already announced cutback equivalent to the annual output of one float plant, it noted.

600450 Glaverbel cuts float glass output by 35,000 tonnes via 3-mth plant closure
Date: 5 April 2002
Source: FT

See more news about:

Others also read

Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Southwall Technologies Inc. (NASDAQ: SWTX), a global developer, manufacturer and marketer of thin-film coatings for the automotive glass, electronic display and architectural markets, has named Michael E.

Add new comment