Glass industry news

Investor acquires majority stake in Bormioli

Published: May 20, 2011 by Helen Bird

Investment firm Vision Capital has agreed to acquire a portfolio of investments from Banco Popolare, Italy’s fourth largest retail bank, including a substantial majority stake in Bormioli Rocco, the international glass and plastic packaging manufacturer. The transaction remains subject…

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O-I inaugurates PV plant as part of sustainable goals bid

Published: May 12, 2011 by Helen Bird

Glass packaging manu-facturer Owens-Illinois (O-I) has set up a new photovoltaic plant at its site at Béziers, France, with the help of green energy producer Aérowatt.

The plant was inaugurated in the presence of Philippe Chopin (Subprefect of Béziers), Raymond Couderc (Senator-Mayor of…

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HNG purchases bankrupt glassmaker in €50m deal

Published: May 12, 2011 by Helen Bird

Hindusthan National Glass and Industries (HNG) has confirmed that it will buy the assets of ailing German container glassmaker Agenda Glas for approximately €50 million.

The company said it signed a pact with Germany’s insolvency administrator to buy the assets of Agenda Glas, which…

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RHI acquires Norwegian minerals producer

Published: May 11, 2011 by Helen Bird

Refractory manufacturer RHI has signed a contract to acquire SMA Mineral Magnesia, a producer of seawater-based magnesium hydroxide, for NOK 100 million (approximately €13 million). The purchase involves some conditions that must be met prior to closing on or before 31st August…

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Consumers prefer glass, new survey suggests

Published: May 10, 2011 by Helen Bird

Consumers prefer glass as a packaging material for food and drinks, according to a pan-European survey by independent research consultancy InSites.

Reflecting the growing desire among consumers to live a healthy and sustainable lifestyle, glass is preferred because it preserves the…

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Post-war demand raises Piramal profits

Published: May 09, 2011 by Helen Bird

Piramal Glass has reported a return to profits in the year ending March 2011 amid strong local demand following the end of a war.

The company confirmed annual profits of 578 million rupees from a loss of 61 million in the previous year. Local sales rose by 0.8 billion rupees, while…

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