21 January 1999: Belgian glass company Glaverbel said that it planned to invest BFr 2.8 billion (US$ 80.39 million) to refocus its Glaverbel Mol plant, which will shed around 100 jobs.
“Over a three-…
21 January 1999: Belgian glass company Glaverbel said that it planned to invest BFr 2.8 billion (US$ 80.39 million) to refocus its Glaverbel Mol plant, which will shed around 100 jobs. “Over a three-year period, Glaverbel plans to invest in new activities – construction of a plant for coated car windows, repairing and converting the float plant and reorganizing Vertec in Mol,” the company said in a statement. Glaverbel Mol will restructure its Vertec business, which makes thin glass, following significant product and customer changes in recent years and increased demand from carmakers for coated glass. Coated car windows reduce heat build-up inside vehicles, avoiding the need to install heavy air-conditioning systems. The company said management would meet trade unions, “to give concrete form to the employment restructuring plan.” Glaverbel, which last year bought US glassmaker PGG Industries“ flat and automotive glass business in Europe, is majority owned by Japanese glass maker Asahi Glass.