Welcome, please login:
[Login]   |  [Join]  |  [Renew]   |   [Contact Us]


March 13th, 2012

News from the glass and refractory worlds

Published on March 13th, 2012 | By: P. Carlo Ratto

Verallia has reported 3.0% organic growth across 2011 (1.7% in the second half), reportedly spurred by favourable trends in sales prices, which gained 2.7% as a whole and 2.8% in the second half of 2011.

• According to a “Glass Packaging Market 2012-2022” report, the global glass packaging market is estimated to reach $34.8 billion in 2012. High growth regions such as Columbia, Indonesia, Vietnam, Egypt and Turkey are experiencing a rapid increase in disposable income, which translates into higher consumer spending in cosmetics, food and beverage sectors.

• Blast furnace 9 at ThyssenKrupp Steel Europe in Duisburg-Hamborn was shut down for a period of 180 days to allow the refractory lining and parts of the cooling system to be replaced. The steel producer is investing 37 million in this modernization project.

• The RHI AG increased revenues by 15.5% to €1758.6 million in the year 2011 (previous year: 1,522.9 million). The operating result rose by 7.1 % to 148,6 million (previous year: 138.8 million). Earnings before interest and tax hence increased by nearly 20% to 150.9 million (previous year: 126 million) and included expenses and income arising from the reversal of impairments and restructuring of 2.3 million, which are related to the closure of two sites in EMEA and the sale of a plant in Canada.

SGL Group–The Carbon Company — has further expanded its production in Pune, India, gaining a larger footprint in the Indian growth market. At the new production facility, the manufacture of graphite-based system components (heat exchangers and columns) for the chemical industry has been increased.

• The five Gulf smelters — Alba, Dubal, Emal, Sohar and Qatalum — produced more than 3.6 Mt of aluminium in 2011 and will reach around 5 Mt by 2014 when Ma’aden and Emal phase 2 are completed, a report said.

ANH Refractories Europe is reporting a record increase in turnover from £4 million to circa £7 million in 2011, following contract wins in the Middle East and growth in U.K. and European markets.


Back to Previous Page
« « Previous Post     |    Next Post » »


Tags:
, , , ,




Leave a Reply

Back to Top ↑