Brussels clears German glass plant

Date: 21 April 2004
Source: Eupolitix.com

Date: 21 April 2004

The European Commission has given the green light to state aid for a new glass plant operated by company E-glass in Saxony-Anhalt, Germany.

The aid for the plant dealing in ‘raw float glass’ – the most common type of flat glass - comprises 35 per cent of total investment reaching €121 million, and will create 186 jobs with the firm and more than 300 additional jobs in the region.“The aid intensity of 35 per cent gross will not lead to an undue distortion of competition since the relevant market is not in decline,” said the EU executive on Tuesday.The European Commission has given the green light to state aid for a new glass plant operated by company E-glass in Saxony-Anhalt, Germany.

The aid for the plant dealing in ‘raw float glass’ – the most common type of flat glass - comprises 35 per cent of total investment reaching €121 million, and will create 186 jobs with the firm and more than 300 additional jobs in the region.

“The aid intensity of 35 per cent gross will not lead to an undue distortion of competition since the relevant market is not in decline,” said the EU executive on Tuesday.
600450 Brussels clears German glass plant glassonweb.com

See more news about:

Others also read

MORE...

R.O. has designed and produced a powerful Parametric Shape management system
The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion to start Beginning Fusing Classes
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar to endorse Asahi Glass
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
DisplaySearch: Global glass-substrate capacity to grow 40% each quarter
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania glass industry going the way of steel
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Another glass plant closes doors
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment