Pilkington set to invest in growth

Glassmaker Pilkington said the year had started in line with expectations and the company was ready to invest into new growth opportunities.

Pilkington, one of the world's biggest glass makers, said market conditions in its building products category remained challenging due to high energy-related costs."Pilkington remains on track to begin its transition into the third phase of its strategy over the course of this financial year, and has begun to target investments into profitable growth opportunities in our core business area," the company said in a statement for annual meeting.

In May, the company reported an 18 per cent increase in underlying profit for the year to end-March and raised its dividend payout for the first time in 10 years.

600450 Pilkington set to invest in growth glassonweb.com
Date: 1 August 2005
Source: Manchesteronline.co.uk

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