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British glassmaker Pilkington Plc's chief executive Paolo Scaroni said that he did not think Japanese glassmaker Nippon Sheet Glass Co Ltd would raise its stake in the company.

The Brazilian safety glass machine market is experiencing a very favorable development. The order book of the last year established new Tamglass plant in Brazil has grown rapidly during the ongoing year.

Nippon Sheet Glass, a large Japanese manufacturer, has increased its holding in Pilkington, the UK glass group, from 10 to 21 per cent over the past fortnight, but has ruled out mounting a full bid.