Owens-Illinois to partner with Constellation Brands in Mexican glass container plant
Owens-Illinois (O-I) has completed the formation of a 50-50 joint venture with Constellation Brands to own and operate a glass container production plant in Nava, Mexico. The joint venture will operate the glass container production plant in Nava that it recently purchased from Anheuser-Busch InBev; the plant employs about 250 people and first began operating in February 2014. To accommodate Constellation’s current and growing need for glass bottles, the joint venture will expand the capacity of the plant from one to four furnaces over the next three to four years.
India’s Finance Ministry imposes duty on Saudi Arabia
India’s Finance Ministry has imposed a definitive anti-dumping duty on clear float glass imports from Pakistan, Saudi Arabia and UAE. This duty will be valid for a period of five years.
Grants for glass innovation offered
Glass Technology Services Ltd (GTS), is urging the glass supply chain to take full advantage of the range of major funding opportunities available to them, thanks to a number of UK and EU grants.
HBA plans for float glass plant in Nigeria
HBA and its technical partners, China Triumph International Engineering Co. Ltd, Shanghai, PRC (“CTIEC”), will build a 500 metric ton per day float glass production plant in Nigeria. The plant upon competition and commissioning will be the only plant of its kind in the West Africa sub-region with plans already being negotiated to double production capacity within 18 months of commencement the production of float glass sheets.
Sika to consider sale to Saint-Gobain at investor meeting
Swiss specialty chemical company Sika AG has announced it will hold an investor meeting to discuss Saint-Gobain’s (SGO) move to seek a controlling interest in the company. Schenker Winkler Holding AG, which is owned by the Burkard family and holds the majority voting rights in Sika, is slated to be sold to Saint-Gobain. Sika’s board and management have voiced their opposition to the deal.