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World demand for flat glass is forecast to rise more than 4 percent per year to nearly 4 billion square meters in 2004, with a market value of over $40 billion.
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.
Japan's largest glass maker, Asahi Glass Co Ltd, slashed its earnings forecast for 2001/02 on Monday to a loss of nine billion yen - its first-ever net loss for a business year.
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.
VITRUM 2001, the international trade fair dedicated to machinery, equipment and systems for flat and hollow glass, manufactured and processed glass and glass products for industrial use, closed its doors on Saturday, October 6th.