Nsg: Reduction In Float Glass Production Capacity

According to two recent announcements from the NSG Group, float glass production capacity in North America and in Europe is to be reduced. The two lines in question are located at Laurinburg, North Carolina, US, and Porto Marghera, Venice, Italy. The NSG Group has decided to reduce its float glass production capacity in North America. One of the two float lines at the Group's plant in Laurinburg, North Carolina, US 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. The Group is taking action to reduce capacity and output to match the requirements of its customers.