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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.
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.
In the Official Journal of the European Communities (OJEC C 40 of 14/02/2002) the European Commission has published a list of eight new harmonised standards in accordance with the directive 89/106/EEC on "construction products".
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.
CEN has submitted a draft standard to the preliminary inquiry phase destined to provide information required for CE marking of windows and external pedestrian doors.
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
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.
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.
Standardised safety glass will soon be compulsory for all vehicles, either made locally or imported, to ensure the safety of motorists by minimising the impact of broken windscreens.
Eight new standards on glass for the building industry recently published as UNI standards. UNI EN 12150-1 "Glass in building - Thermally toughened soda lime silicate safety glass - Definition and description." UNI EN 12337-1 "Glass…
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.
The European Standard draft for the safety requirements of "Machines and plants for the manufacture, treatment and processing of flat glass" in the area of "Storage, handling and transportation equipment inside the factory" has…