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Merrill Lynch upgraded its recommendation for shares in French glass and packaging group St Gobain SA yesterday from "buy" to "strong buy", setting a new share price target of 215 euros.

Vitrum 2001 the international trade fair for machinery, equipment and systems for the processing of flat and hollow glass, glass and finished products for the industry, opened its doors October 3rd, in a climate of widespread uncertainty.

Consolidated sales for Groupe Lapeyre amounted to Ï1,084.1 million at September 30, 2001, an increase of 15.3% compared with the first nine months of 2000.