Pilkington parent company NSG Group has released its report for fiscal year 2011 and is optimistic about the automotive market. NSG officials say overall original-equipment (OE) volumes were significa…
Pilkington parent company NSG Group has released its report for fiscal year 2011 and is optimistic about the automotive market. NSG officials say overall original-equipment (OE) volumes were significantly higher in most regions compared with the previous year, and that the auto glass replacement market is gradually improving throughout the world. The company reports that its North American OE revenues “were significantly above the previous year.” NSG attributes the growth to increased volumes, along with cost savings and efficiency gains,” and also reports profitability for the auto glass replacement market in the North American region. North America comprised 21% of the company“s automotive sales for the fiscal year. In Europe, which makes up 47% of the company“s automotive market, NSG officials say they again saw growth in the OE sector, and that local currency revenues increased strongly from last year“s levels due to robust volumes, with a consequent improvement in profits. In the auto glass replacement business, NSG officials say local currency results were similar to the levels of the previous year.