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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.

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.

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.