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Saint-Gobain, the French materials and packaging group has finally begun to reap the rewards of its cost-cutting and refocusing strategy.
Consolidated sales rose by 12.1% to EUR 1,458 million in 2001. The increase was 14.6% at constant exchange rates and 6% at comparable scope of consolidation, excluding Telhanorte, Menuiseries Franaises and Lapeyre Polska, as well as Lapeyre…
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.
On reaching the age of 68 the director and managing partner Mr. Hans Eberspcher is retiring. He has been at the head of the com-pany since 1965.
A major glassworks in Central Asia in the town of Chuy-Tokmak (in the northern Kyrgyz Chuy Region) will be launched soon.
Dr. Leopold von Heimendahl, Chairman of the Board of Management of Schott Glas, Mainz, has been elected to serve for a further two years as President of the Bundesverband der Glasindustrie, known as BV Glas for short or Federal Glass Industry…
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.
Interglas Technologies AG, the German glass and carbon fibre manufacturer, is feeling the effects of the slump in the construction industry.