October 7, 2013|P. Carlo Ratto
- (Independent.ie) Ardagh Group, which recently announced it would restructure its planned acquisition of Verallia North America to make the deal more palatable to US regulators, has now been caught up in the US government’s partial shutdown. The company will have to wait for a judgment after US government lawyers won a delay in the contested merger case, which was scheduled to begin in Washington on October 17.
- FuYao Glass Industry Group plans to go public with a listing on Hong Kong’s Hang Seng exchange. The company will use the added financing to build auto glass and float glass production facilities, a marketing and service network, and international R&D and design platforms in Russia, the US, and North America. It also plans to replenish working capital and repay bank loans.
- (Refractories World Forum) SGL (The Carbon Company) says overall business in the first half of 2013 was weaker than anticipated. Group sales increased by 2% to €828.2 million. Weak development in all three of the company’s business areas resulted in a 38% decrease in year-on-year earnings before interest, taxes, depreciation, and amortization to €67.3 million, the company says.