Specialist glass manufacturer Schott Glas of Mainz, Germany, part of the Carl-Zeiss foundation, plans to float its high tech subsidiaries such as Schott ML GmbH of Jena. This will enable Schott Glas t…
Specialist glass manufacturer Schott Glas of Mainz, Germany, part of the Carl-Zeiss foundation, plans to float its high tech subsidiaries such as Schott ML GmbH of Jena. This will enable Schott Glas to finance further growth. Schott Desag AG is already quoted. A firm decision has yet to be taken, and the first listing may take place in 12 months“ time when the Carl-Zeiss foundation has changed its statutes. Schott Glas slipped into the red in 1998/99 (30.9) when it posted losses of almost DM 70 million on turnover of some DM 3 billion. The losses were attributed to extraordinary influences. Business in 1999/2000 has improved. Order in-flow is up by 28% in the first eight months of this financial year, while there has been a 22% rise in turnover over the same period.