Belgian glassmaker Glaverbel said it had agreed with British peer Pilkington to share the cost of building a new production line at a Czech plant in exchange for half of its coated glass output.
Glav…
Belgian glassmaker Glaverbel said it had agreed with British peer Pilkington to share the cost of building a new production line at a Czech plant in exchange for half of its coated glass output. Glaverbel said Pilkington would pay for half of the one billion Belgian francs (US$ 22.57 million) cost of building a new line at its biggest Czech plant at Retenice, located near the German border. “This location will keep transport costs to a minimum and ensure efficient glass handling,” Glaverbel said in a statement. The line would have a maximum capacity of five million square metres a year of coated glass, which is used among other things for insulated windows in residential and commercial buildings. It would start working in the last quarter of the year, Glaverbel said. The companies plan to market the output in the Czech, Slovakian, Polish and other Eastern Europe markets. A Glaverbel spokeswoman declined to say how much money the companies expected to make in the growing market.