Cleverglass to build CZK 1 billion plant in North Bohemia

Date: 25 November 2005
Source: Praguemonitor.com

Date: 25 November 2005

Company Cleverglass from the Cadence Innovation group will next year build a plant worth some CZK 1 billion to produce polycarbonate glass sheets near Liberec, the daily Mlada fronta Dnes said yesterday.

The North Bohemian town of Hradek nad Nisou has been the most suitable candidate for the plant's location so far, the daily writes.

"We will be the first company in the world to produce polycarbonate glass sheets protected against scratching by a resistant layer," Pavel Neumann from the company told the daily.

He added the material should replace the glass used to produce side and rear car windows, for instance.

Cleverglass will employ some 200 staff in the plant, the daily says.

Cadence Innovation has been in the hands of an association of US financial funds since May, according to information available to the CTK.

The company, which puts out plastic car components, employs some 1,800 staff in its three Czech plants.

Among its buyers are car makers Volkswagen, Suzuki and the grouping of Toyota, Peugeot and Citroen.
600450 Cleverglass to build CZK 1 billion plant in North Bohemia glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major supply contract for Palm Jumeirah
Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Rexam, buyout firms to bid for Calmar-sources
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
ISRA Receives Major Display Glass Inspection Order
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Company to close lime plant in Carey next month
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
China glass import a cheaper option for Amritsar firm
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
Asahi Glass, Oracle, TDK, Seven & I: Japanese Equity Movers
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment