September 30, 2013|P. Carlo Ratto
- Ardagh intends to restructure its proposed acquisition of Verallia North America by selling four glass container manufacturing plants as a standalone business to a single buyer. Ardagh is currently in negotiations with a number of potential buyers. Plants included in the deal are located in Jacksonville, Fla.; Warner Robins, Ga.; Dolton, Ill.; and Wilson, N.C. The deal is contingent on closing of Ardagh’s agreement to acquire VNA from St.-Gobain.
- A new report from Transparency Market Research says the global market for glass packaging was valued at $47.43 billion in 2012 and estimates its value will reach $59.94 billion by 2019, a compound annual growth rate of 3.4%. In terms of volume, global demand of 45.71 million tons in 2012 is expected to grow at a CAGR of 3.1% from 2013 to 2019.
- (Arab News) A Saudi-Malaysian-Chinese consortium has started construction of a glass factory in Jazan, Saudi Arabia. Total investment in the 150,000 m2 plant will be SR600 million (about $160 million). The facility is expected to employ 200 workers, with the number of Saudi employees reaching 50% in the first three years and rising gradually.
- (Refractories Window) ArcelorMittal has shut down blast furnace No. 2 at the El Hadjar steel plant of its Algerian subsidiary ArcelorMittal Annaba. The eight-week shutdown will allow repair of the stoves, and will affect the entire hot zone. The company says customers will continue to be supplied with rolled steel produced using semifinished products from other plants.