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The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.

Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.

Volkswagen, the German carmaker, has officially inaugurated its 187m-euro glass-structure car factory in Dresden. It is here that the new luxury limousine will be manufactured.

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.

The P&C clothes store in the German city of Dsseldorf is one of the largest projects ever taken on by Tambest.