° Following previous announcements, Hindusthan National Glass (HNG) of India confirms to be in advanced talks to acquire two companies in Eastern Europe and Southeast Asia and MENA (Middle East and North Africa) regions. Due diligence processes will be completed within next few weeks.
° Indian Piramal Glass has announced investments for USD 57 million including expansion at its plant in Gujarat. Capacity addition will include 160 TPD in a greenfield project to be completed within 2012. Piramal will mostly focus on its cosmetics & perfumery containers business.
° UK-based speciality materials group Cookson Group Plc reports performance improvement in 2010 of its Ceramics division; a 52% increase in profits in the second half of 2010 has beer reached while refractory and foundry markets continued to recover. The business of Vesuvius and Foseco posts a trading profit of £90.6m., up from £59.5m. in H2 2009. End-markets have recovered strongly, but generally remain below pre-crisis levels.