Early Closure of a Float Line in Germany
NSG Group announces that the Group has decided to cease the production on a float line at Weiherhammer site, Germany, ahead of the cold repair planned next year.
The decision is as a consequence of the review of the current demand and supply situation in the Central European Architectural Glass market, while expecting steady market growth in the long term.
It is anticipated that the production will cease in the summer 2024, around 12 months prior to the planned repair which will commence in June 2025. The Group does not expect any material additional one-off costs nor redundancies as a result of the early closure of the float line.
About NSG Group (Nippon Sheet Glass Co., Ltd. and its group companies)
NSG Group is the world's leading supplier of glass and glazing systems in the business areas of Architectural, Automotive, and Creative Technology.
Architectural manufactures and supplies architectural glass as well as glass for the solar energy and other sectors.
Automotive serves the original equipment (OE) and aftermarket replacement (AGR) glazing markets.
Creative Technology comprises several discrete businesses, including lenses and light guides for printers and scanners, and specialty glass fiber products such as glass cord for timing belts and glass flake, and Fine Glass products.
https://www.nsg.com
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