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As a part of strategy in Asian Region, Saint-Gobain Renforcement recently made an investment in China by forming a Joint Venture company with Xinxing Glass Fiber Plant Division of Hangzhou Glass Group Co.
Zhejiang Glass Company Limited, the largest privately owned flat glass manufacturer in Zhejiang Province and the fifth in the Chinese mainland, announced the issue of 170 million new H-shares in Hong Kong on November 28.
Mexican glassmaker Vitro said that its third quarter operating profit fell sharply, hit by the strong peso currency and an economic slowdown at home and in the United states.