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Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Glaverbel SA said it expects a contraction in its net result during 2002 because of the economic slowdown and said it will cut its production capacity.
The Glaverbel Group closed its financial year 2001 with record performances, confirming the correctness of the strategy which the Group has followed for the past 10 years, namely profitable growth through geographical diversification and increased…
Glaverbel SA shares closed slightly firmer in heavy trade, amidst speculation that funds are trying to block Asahi Glass Co Ltd's buyout bid, brokers said.
Auto-glass maker Asahi India Safety Glass has increased its stake to nearly 80 per cent in its subsidiary Float Glass India, through a recent open offer and said it might merge the ailing company with itself.
Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.
Saint-Gobain, the French materials and packaging group has finally begun to reap the rewards of its cost-cutting and refocusing strategy.
As a part of strategy in Asian Region, Saint-Gobain Renforcement recently made an investment in China by forming a Joint Venture company with Xinxing Glass Fiber Plant Division of Hangzhou Glass Group Co.
Consolidated sales rose by 12.1% to EUR 1,458 million in 2001. The increase was 14.6% at constant exchange rates and 6% at comparable scope of consolidation, excluding Telhanorte, Menuiseries Franaises and Lapeyre Polska, as well as Lapeyre…
Saint Gobain Desjonqueres will open a plant in Sparta and create approximately 200 jobs. Saint Gobain Desjonqueres, a worldwide leader in the glass, insulation and building materials industries, will use the Sparta plant to decorate cosmetic and…
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
Merrill Lynch upgraded its recommendation for shares in French glass and packaging group St Gobain SA yesterday from "buy" to "strong buy", setting a new share price target of 215 euros.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
Beijing Saint-Gobain Vetrotex Glassfiber Co. Ltd. is the first of Saint-Gobain Vetrotex's plant to be certified ISO 9001.
Glaverbel SA said the Belgian Banking and Finance Commission has extended until Jan 15 the deadline for the Glaverbel board to give its view on Asahi Glass Co Ltd's offer to buy out the shares it does not own in the company.
Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.
Asahi Glass Co., Ltd. ("AGC"; headquartered in Tokyo; president: Mr. Shinya Ishizu) decided to make a public tender offer to purchase all the ordinary shares held by public shareholders in its consolidated subsidiary, Glaverbel S.A. (…
Glassmakers Pilkington and Saint Gobain are digging in for a bitter battle in the potentially lucrative market for self-cleaning glass.Saint Gobain, the French building materials group that is Europe's leading building glassmaker, presented its…
Orange juice giant Tropicana Products Inc. is shutting down its glass bottle factory, leaving 225 people without jobs by early 2003.
The Glaverbel Group is investing in a new coater* at its Lodelinsart plant in Belgium (Charleroi). This new system will upgrade production of coated solar control glass, sold to large construction projects around the world.
Batimat 2001 is also an opportunity for Glaverbel to highlight its relationship with visitors, and to combine its technical skills, innovative expertise and creative glass-making methods in a spectacular display on its stand.
Net consolidated sales of the Saint-Gobain Group for the first 9 months of 2001 were up 7.6% year-on-year (12.8% excluding Essilor), to EUR 22,932 million, from EUR 21,302 million for the same period of 2000.
Consolidated sales for Groupe Lapeyre amounted to Ï1,084.1 million at September 30, 2001, an increase of 15.3% compared with the first nine months of 2000.
This year at the international building exhibition Batimat 2001, Saint-Gobain will present a new innovative product “Aquaclean”.