Asahi Glass Co. (AGC) is to terminate the production of photovoltaic cover glass (patterned glass) at its Roux plant in Belgium, which is operated by AGC Glass Europe, and shut down the plant. There are currently 190 employees working at the plant.
Steklarna Hrastnik Glassworks has signed an agreement to secure funding for the modernization of its container glass plant. The investment is worth €8 million, 75 percent of which will be loaned by NLB financial group, while the glassworks will provide €2 million of its own funds. The funds will be used for the renovation of furnaces and the purchase of new machines in the Special Unit.
The USA’s Federal Trade Commission (FTC) has approved a final order of Ardagh Group’s $1.7-billion acquisition of Saint-Gobain Containers, after the company sold off six glass plants and related assets. In settling the FTC’s complaint, Ardagh agreed to sell six of the manufacturing plants and related assets it acquired through its 2012 acquisition of Anchor Glass Container Corporation, along with Anchor’s former corporate headquarters in Tampa, Fla. The six plants are located in Elmira, N.Y.; Jacksonville, Fla.; Warner Robins, Ga.; Henryetta, Okla.; Lawrenceburg, Ind.; and Shakopee, Minn.
Motim Fused Cast Refractories, a privately owned Hungarian company, celebrated 80 years of operation in June.
Trimet Aluminium SE has acquired Voerde Aluminium GmbH and all 280 of its employees. The company, which is currently in bankruptcy proceedings, manufactures primary aluminum and carbon anodes used in electrolysis for metal extraction.
It is reported that the Nigerian federal government’s bid to attract more foreign direct investment into the economy has received a boost from a Chinese steel company. Pangang Group Limited has indicated an interest to establish NGN 800 billion steel manufacturing factory in the country.
Shares in mining firm Kenmare Resources jumped by almost 30 percent following its rejection of a takeover approach from Australia’s Iluka Resources. In a brief statement posted on the Irish Stock Exchange, Kenmare’s management said it had rejected Iluka’s proposal on grounds that it believes the approach didn’t recognise the inherent value of its sole asset—the Mozambique-based Moma titanium mine—as a long-life, low-cost asset.
Iron and steel production in the Northern Chinese city of Tangshan has been reduced by 22 million tonnes in an effort to control air pollution and phase out dated capacity. Tangshan, in Hebei Province, accounts for half of all iron and steel produced in the province, which is a well known steelmaking region.