According to two recent announcements from the NSG Group, float glass production capacity in North America and in Europe is to be reduced. The two lines in question are located at Laurinburg, North Carolina, US, and Porto Marghera, Venice, Italy.
The NSG Group has decided to reduce its float glass production capacity in North America. One of the two float lines at the Group’s plant in Laurinburg, North Carolina, US will be idled. This process is expected to be completed between August and September 2012. It is intended that production will recommence on this line when market conditions permit.
The Group is taking action to reduce capacity and output to match the requirements of its customers.
The NSG Group also announced its intention to put its architectural float furnace at Porto Marghera, Venice, Italy, on ‘hot-hold’. This means that the furnace will be kept in an active state from which it can be restarted at short notice. It is intended that production will recommence on this line when market conditions permit.
The impact on the Group’s financial outlook for FY2013 (year to 31 March 2013) is being reviewed and will be announced once finalized.
The Group is taking action to reduce capacity and output to match the requirements of its customers. The decision follows the Group’s announcement on 14 May 2012 of its intention to postpone the restart of one of its float lines in Gladbeck, Germany, which is currently undergoing a planned cold repair.