Kastus statement on Brexit

Date: 28 June 2016

Mr. John Browne, CEO at Kastus Technologies Ltd., UK comments on Brexit:“We generally see the British EU exit poll as an opportunity for Kastus as it could potentially make investment in Irish companies more attractive for UK investors.

Our technologies are Globally scalable and while we consider the UK market to be a significant one, the U.S., EU and Far Eastern markets are significantly larger. ''There is a near term risk of investment stagnation in the UK and potentially the EU construction sectors which would have a negative impact on the flat glass markets but we think this will be short term and that ultimately the markets will return to growth in early 2017, Browne said.

''The need to innovate in order to tackle the threat of antibiotic resistant super bugs in the environment is being widely highlighted in the media with Governments taking a more active position.

The British government has been at the forefront of identifying ways to tackle the problem which could kill more people than cancer globally by 2050 and David Cameron in particular has taken a hands on role. Prime minister Camerons resignation is disappointing but his governments commitment to tackling the problem is reassuring that the commercial opportunity for Kastus antimicrobial technologies on flat glass is significant and attractive.”

600450 Kastus statement on Brexit glassonweb.com

See more news about:

Others also read

It’s official, the countdown to FIT Show 2021 is on. And we want you to be part of FIT!
The Glazing Summit is the must-attend destination for industry leaders to connect, learn and forge new relationships.
The cooperation between Glass Systems and LiSEC started when the new production facility in Swansea was opened.
Mark Tinnion, branding director for DigitalKog gives his 'top tips for the fenestration industry' in marketing through a crisis as part of the #FITShowFamily series.
Hegla UK, has now relocated to new premises as part of a larger expansion programme.
As part of the #FITShowFamily series, we talk to Mat Taylor, MD of the the fenestration industry's leading recruitment agency, Chase Taylor.

Add new comment