Heraeus Tenevo delays start of optic glass facility

German Heraeus Tenevo AG, a company specialized in trading and processing of precious metals and production of industrial materials, postponed the start of its new optical glass facility in Bitterfeld…

German Heraeus Tenevo AG, a company specialized in trading and processing of precious metals and production of industrial materials, postponed the start of its new optical glass facility in Bitterfeld due to the stagnation on the telecommunication market, the company said on 1 November. The facility should have started production by end-2001. The company, however, said this would happen in the future. The new facility has recruited 50 workers, which might be made redundant. The company hopes that in 12-18 months“ time the telecommunication sector and especially the US market for optic glass and tubes will revive and the new facility can become operational.