Asahi Glass (AGC) is to invest approximately JPY16bn (US$152.6m) in Asahimas Flat Glass, one of AGC’s consolidated subsidiaries in Indonesia. The money will be spent on setting up a float glass furnace in Cikampek, Java, to replace one at the Jakarta plant; full production is scheduled to start in the third quarter of 2016 and the new furnace will be constructed adjacent to AMG’s automotive glass fabrication unit in Cikampek.
Sisecam’s Pasabahce unit, which makes tableware and home furnishings, has ended talks to acquire shares in Arc International.
The Pasabahce unit had previously signed a non-disclosure agreement with regards to the non-binding talks held between the two companies; these talks have been concluded with no offer, according to a filing by Sisecam in the Istanbul Stock Exchange.
The Russian company Ekran-Optical Systems has started production of lightweight glass containers using NNPB in its glass furnace no.5, at its Novosibirsk plant. Ekran will produce NNPB bottles in brown and white glass, and by the spring of 2015 the company aims to launch the second line. In the summer of 2015, after an overhaul of the furnace №2, will introduce a third line for the production of lightweight container glass. Annual output of NNPB bottles at Ekran is estimated to be 240 million bottles per year.
Due to ongoing problems with AK Steel’s blast furnace at its steel plant in Ashland, Ky., the company said it will invest $17 million for repairs before the end of the year. AK Steel’s blast furnace in Ashland unexpectedly shut down twice this year due to some kind of malfunction or incident, according to company disclosures. It happened first in February, and again in July.