News on Glass & Refractory World, week# 10

° RHI AG announced preliminary 2010 results pointing to over 23% increase in revenues (EBIT up almost 130%) vs. 2009, but still under ante-crysys figures. Results made possible thanks to an overall worldwide steel recovery of 15% with EU and USA over-performing. Cement and Glass still with subdued investments, except in China and Brazil.

° Pittsburgh Glass Works to reopen Evart plant; the plant was shut down two years ago and will begin restocking and rehiring later this month in preparation for a summer return to full manufacturing capacity. This is the result of increased demand for automotive glass products and will re-employ between 50 and 60 workers once fully operational.

° Financially troubled Zimglass fails to re-open; the company closed shop in August last year, resulting in about 472 workers placed on compulsory leave while they receive an allowance. The management had said they were closing shop to allow for the re-building of the only remaining furnace that was operational at the company. Now the company say financial problems had hindered them from re-building furnaces. Plans have been moved to next July for a possible revamping date.

° Ancai Hi-tech to Invest 460M Yuan In PV Glass Project. Henan Ancai Hi-Tech returned to profit in 2010, generating net profits of 32.61 million yuan, reports, citing a company filing. Color tube facilities in its colored glass factory ceased production, and related assets will be liquidated.

° German steelmaker ThyssenKrupp has announced that Kazakhstan’s first silicon metal plant Silicium Kazakhstan LLP has recently been commissioned in the province of Karaganda. Initially, the plant will produce silicon metal with one 12,500 metric ton furnace for customers mainly in Europe, Asia and the USA. A second furnace with the same capacity, already installed, is scheduled for startup in May 2011.


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