Falorni Tech Glass Melting Technology
Filtraglass

Interglas: recent forecast

7 January 1999: The German glass fabric manufacturer CS-Interglas AG (Erbach) expects to suffer losses in the financial year to 30 June 1999, according to a recent press report.
Turnover is likely to…

7 January 1999: The German glass fabric manufacturer CS-Interglas AG (Erbach) expects to suffer losses in the financial year to 30 June 1999, according to a recent press report. Turnover is likely to decline 7% to DM 260 million from DM 279.5 million. In the July-October period of the current year turnover fell by 18%. Group ordinary operating profits of DM 11.8 million compared with 15 million were posted for 1997/98. A dividend of DM 5 was approved at the AGM. The DM 52.5 million share capital is owned by Clark-Schwebel International Inc. of Delaware (US), the Deschler group of Ulm, with the remaining 16.2% widely distributed. Clark-Schwebel, which itself was acquired by the Hexcel Corporation of Stamford, Connecticut, in July this year, has an option to secure the Deschler group“s shares and thus gain a majority stake in CS-Interglas.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news