° 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.
° Corning predicts for 2011 increased demand for special glass installed in tablet computers and smartphones, which employ scratch-resistant Gorilla Glass for touch screen devices. This will also drive increased utilization of platinum components used in these glasses specialties production.
° Cabot Corporation/US and China National Bluestar (Group) Corporation have initiated expansion of fumed silica production capacity Jiangxi Province, PRC. It will be a USD 43 million investment at Cabot Bluestar Chemical (Jiangxi) Co. Ltd. First phase will increase capacity from 5000 to 20000 TPY, second phase is aimed to a final 20000 TPY capacity.
° Guangdong Orient Zirconic Ind. Sci. and Tech. and DCM DECO Metal (DCM) won the approval of Australia authorities to jointly acquire Australia Zircon NL; in May 2010, the Chinese company announced it would invest 40 million Australian dollars to set up the joint venture with DCM, giving itself a 51-percent stake in the scheme to acquire all of Australia Zircon NL’s assets. This is a significant move to control Australian zircon sources, made by Chinese entities.