Planned Reduction in Float Glass Production Capacity in North America
The NSG Group (hereinafter “the Group") has decided to reduce its float glass production capacity in North America as follows:
1. Outline of the decision
One of the two float lines at the Group's plant in Laurinburg, North Carolina USA will be idled. This process is expected to be completed between August and September 2012. It is intended that production will recommence on this line when market conditions permit.
2. Reason for the decision
The Group is taking action to reduce capacity and output to match the requirements of its customers.
3. Impact on operations
The impact on the Group's financial outlook for FY2013 (year to 31 March 2013) is being reviewed and will be announced once finalised.