Reduction in arhitectural float glass capacity in Europe(UK)

The NSG Group has informed employee representatives in its European Architectural Glass business of its intention to mothball one of the two float lines currently in operation in the UK as set out below.   1.


Location: Cowley Hill, St. Helens, UK

Facilities: An architectural float line

Number of employees affected: Approximately 140 persons

2. Rationale and outline of the proposal

The Group is taking action to reduce float capacity and output to match the requirements of its customers, consistent with its previously announced restructuring program. The proposed action is to right-size capacity to further reduce the Group’s fixed cost base, and deliver the profitability improvement of the Group’s European architectural business. The plan is to mothball the CH2 float line in November 2013. Off-line coating, silvering, laminating and warehousing operations will continue on the site.

3. Estimated costs and benefits of this decision

(1) Total cost: Approximately GBP19m (JPY3.0bn) (The total cost is inclusive of cash expenses of approximately GBP15m (JPY2.3bn)) All expenses will be recognized during the current financial year to 31 March 2014

(2) Recurring annual profit benefit: Approximately GBP19m (JPY3.0bn) The full annual benefit will be realized from the next financial year to 31 March 2015.

4. Impact on operations (1) The previous financial forecast for the year to 31 March 2014, as issued originally on 16 May 2013, did not include the cost of this action, and is therefore revised to include costs as set out above.

(2) From the year to 31 March 2015, the recurring annual benefit of the Group overall restructuring program will increase to approximately JPY 33 billion per year, including the above-mentioned from this action.


600450 Reduction in arhitectural float glass capacity in Europe(UK)

See more news about:

Others also read

Epwin Glass unaffected by glass shortage
Recent reports suggest there is a glass shortage in the UK that is threatening to affect the supply of glass IGUs to the industry.
Orangeries without the orangery price | Prefix Systems
At Prefix systems we have a range of systems that can produce a structure that looks like an orangery at a fraction of the cost.
Spectus credentials secure new build contract with EYG Commercial
Long-standing Spectus fabricator, EYG Commercial, have recently completed a new build affordable living rental project with Hull City Council.
Liniar’s Digital Focus Set To Gather Momentum
2018 sees Liniar celebrating 10 years of window innovation – and with the recent revamp of its website, the appointment of a Digital Marketing Manager and the launch of an innovative customer initiative, things are as busy as ever at Liniar HQ.
Internal Light Shaft
A Light Shaft brings daylight down and through a building, this system has proven ideal for extensions on buildings.
New South Bank Show for ISO-CHEMIE Tape
Hundreds of new low carbon family homes under construction in Leeds city centre will be fully protected against the elements thanks ISO-CHEMIE’s expanding foam sealing tapes.

From industry


Wrightstyle Ltd.
Thermoseal Group Ltd.
Thermoseal Group Ltd.
Thermoseal Group Ltd.

Add new comment