Schott AG has inaugurated its latest furnace in Jambusar, Gujarat following an investment of €21 million last year. The company forecasts rapid growth for high quality glass in the pharmaceutical industry and has committed additional investments of €26 million for another tank in 2020. Each of the new production facilities, with a combined investment of €47 million, will double the capacity of Schott Glass India’s manufacturing plant, allowing the group to produce its highly specialist FIOLAX tubing material for both domestic and export demands.
Vidrala has completed the sale of its glass container production facility in Ghlin, Belgium to the Saverglass Group. The transaction includes a supply agreement, by means of which Vidrala will acquire part of the Belgian site’s production for five years, enabling the company to secure customer service while planned investment projects are developed to replace capacity across the group.
Earlier this year, Zignago Vetro expanded production capacity at its Portogruaro factory near Venice for flint, Georgia green or dark green glass. The expansion involved building a greenfield production area, including hall construction and the required infrastructure. As part of this project, the company also took the opportunity to optimise the production areas from melting to packaging.
Glaston Corp and HEGLA have decided to terminate their co-operation agreement due to changes in the companies’ competitive positions. The agreement, which was entered into in 2012 by Bystronic Lenhardt GmbH, Conzzeta AG, Hegla GmbH & Co KG and LEWAG Holding AG, will be terminated by the end of 2019.
The purpose of the co-operation agreement has been to be preferred partners, meaning co-operation in cross selling by products for architectural market and making use of each other’s sales and service network. Termination of the agreement has been made in mutual understanding.
The international glass decoration community came together in November at GlassPrint 2019 and was presented with the latest trends and developments for decorating all types of glass. Staged for the eighth time and powered by glasstec, an international audience travelled to Düsseldorf, Germany from 24 different countries, not only from throughout mainland Europe and the UK but also from long distance destinations such as Australia, Canada, India, Peru, South Africa, United Arab Emirates and the USA.
British Glass’ annual showcase of the UK glass industry, the Glass Focus Awards, took place last week, with companies from across the glass supply chain celebrating their achievements over the past year. Saint-Gobain Glass UK was the big winner of the night, taking home three awards, while Encirc claimed two prizes and Knottingley-based Allied Glass was crowned company of the year following judging by a panel of industry experts.
The Grenzebach Group has agreed with the BMT Group to acquire its float glass engineering division CNUD EFCO GFT. This business is well known in the glass market as a leading provider of annealing lehrs and tin bath solutions, including accessories, with a global presence and locations in Belgium, Germany, Romania and China. Besides the glass business, where CNUD EFCO GFT has worked on more than 300 float glass production lines since 1957, the company is active in the metal construction business, via its manufacturing site in Romania.
Owens-Illinois reports overwhelming support for its green bond offering earlier this month, furthering its commitment to sustainability throughout its global manufacturing operations and glass packaging. The offering was upsized from €300 million to €500 million and priced a historically low coupon rate for O-I at 2.875%.