Sluggish real estate jolts glassmakers

Date: 14 December 2011
A sluggish real estate sector has affected the growth of glass processing industry, market players said.

Float-glass manufacturers, who saw a jump in domestic demand in 2009 and 2010, have been facing a sort of stagnation since early this year.

“No gas and electricity in new buildings has put a brake on our growth,” said Mizanur Rahman, marketing manager of PHP Float Glass Industries.

Now the company plans to go for making value added products, such as tempered, low- emission and solar control glass, to increase the volume of their revenue, Rahman said.

Nasir Glass Industries, a market leader, is in a better position due to its variety of products.

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600450 Sluggish real estate jolts glassmakers
Date: 14 December 2011

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