NSG Group Ceases Production on Float Line at German Site

Date: 21 March 2024
Source: NSG Group
NSG Group: Early closure of a float line in Weiherhammer site
Photo source
NSG Group

Date: 21 March 2024

NSG Group announces that the Group has decided to cease the production on a float line at Weiherhammer site, Germany, ahead of the cold repair planned next year.

The decision is as a consequence of the review of the current demand and supply situation in the Central European Architectural Glass market, while expecting steady market growth in the long term.

It is anticipated that the production will cease in the summer 2024, around 12 months prior to the planned repair which will commence in June 2025. The Group does not expect any material additional one-off costs nor redundancies as a result of the early closure of the float line.

600450 NSG Group Ceases Production on Float Line at German Site glassonweb.com

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Comments

Joe Anderson
Fri, 22/03/2024 - 22:41

We understand that this news may cause uncertainty and concern, and the company wants to assure us that they are committed to supporting their employees and customers during this transitional period.