China Specialty Glass Ends Distributorship Deal With Saint-Gobain Glass France

Date: 12 January 2012
Source: Saint-Gobain/rttnews.com

Date: 12 January 2012

China Specialty Glass AG or CSG said its operating entity Guangzhou Hing Wah Glass Industry Co. (HWG), Ltd. and the Miroiterie du Rhin SAS, an unit of Saint-Gobain Glass France, terminated the existing exclusive distributorship agreement, effective December 31, 2011.

The deal, that was inked on May 27, 2011, covered selected advanced glazing solutions.



The company added that the non-satisfying development of the co-operation between both parties already led in the interim financial statements for the nine months ended September 30, 2011 to an impairment loss of 3.6 million euros on the distribution rights relating to the deal. Also, the determination of this impairment loss took into account potential further payments which CSG´s Management Board had estimated at 2 million euros.
600450 China Specialty Glass Ends Distributorship Deal With Saint-Gobain Glass France glassonweb.com

See more news about:

Others also read

MORE...

Wicona Curtain Walling for Glasgow Velodrome
The Emirates Arena and Sir Chris Hoy Velodrome have just been completed, creating a new world class sporting landmark for Scotland.
Construction Employment Declined in Most States in November as Anxiety Over Fiscal Cliff Causes Contractors to Hold Off on Hiring
Hawaii and Texas Top List of 20 States and D.C. Adding Construction Jobs Since November 2011 as Delaware and New York Trail; Vermont and Louisiana Led 19 States with One-Month Gain, D.
Turkish glass producer to expand operations at home and abroad with the help of EBRD loans
The EBRD is providing loans worth €110 million to Turkish glass manufacturer Trakya Cam A.Ş. that will expand its product range at home and in Bulgaria and also establish a presence on the Russian market, setting new standards in energy efficiency.
SAGE Electrochromics, Inc. Files Patent Infringement Lawsuit in U.S. District Court Against View, Inc.
SAGE Electrochromics, Inc., a world leader in the development and manufacture of dynamic glass, located in Faribault, Minn., today announced it has filed a lawsuit in U.S.
The American Scenario in The Glass Industry
The United States is honoring its role, to the best of its ability, as the world's locomotive, although despite the positive performance of the real estate market, America seems to be recovering slower than expected.
Naturalness. Living. Enjoyment. The Brau Beviale 2012
Verallia Deutschland was showcased at the BRAU BEVIALE in Nuremberg. The large, illuminated glass wall in Hall 4 promises: “Naturalness.

Add new comment