Glaverbel aims at third of Russian glass market

Wholly-owned Asahi Glass subsidiary Glaverbel is targeting an increase in its market share in Russian glass production from 25% in 2002 to 33%-35% in 2004, Ilya Nechayev, production manager for the Gl…

Wholly-owned Asahi Glass subsidiary Glaverbel is targeting an increase in its market share in Russian glass production from 25% in 2002 to 33%-35% in 2004, Ilya Nechayev, production manager for the Glaverbel-Vostok group announced in Khanty Mansii on 10 October 2003. It is expected that Glaverbel“s share will increase to 29% in 2003 (160 million standard square meters in 2002). In particular, output of low-reflectivity glass should increase to 60% of the market in 2003 (18% in 2002, 500,000 square meters produced). Nechayev announced that Glaverbel plans to expand its network of trading and processing enterprises in Russia. He noted that the reconstruction work at the Borsky Glass plant in Nizhny Novgorod region (Glaverbel owns 36.4% of the plant“s stock) has been completed, allowing an increase in output. Glaverbel is also building a factory in the Moscow region town of Klin, which will be able to produce 600 tonnes of polished glass a day. It was announced earlier that the project will cost more than USD 100 million. The project will be implemented in three phases. The company plans to open its own sales points in Novosibirsk, Yekaterinburg and Rostov in 2004; currently its main dealers are located in Moscow and St. Petersburg. The two cities account for half of the company“s sales. Nechayev said the group now has over 25% of the flat glass market in Europe. Overall output in 2002 was worth USD 42.2 billion, with the base product ordinary glass accounting for USD 14.2 billion of that. Before 2005, base product output will drop roughly 15% to the level of 2002. Special attention will be given to increasing output of spray coated glass. Glaverbel is one of Europe“s leading producers of architectural glass, specializing in the production of polished and architectural glass, automobile glass, mirrors, and glass for industrial and decorative use.