Italian Vetroarredo Sediver, which specialises in the production of glass bricks and insulation, has signed a joint venture with Shanghai Glass for the construction of a production facility in China. …
Italian Vetroarredo Sediver, which specialises in the production of glass bricks and insulation, has signed a joint venture with Shanghai Glass for the construction of a production facility in China. The facility will require a EUR 20 million investment and production is scheduled to commence in spring 2004 with 250 workers, according to a note. Shangai Vetroarredo S.S.G. Glass will be 90% owned by Vetroarredo Sediver with the remainder in the hands of Shanghai Glass.