NSG Group Announces Temporary Reduction in Float Capacity in Europe
May 14, 2012

The NSG Group has announced that it will keep one of its two furnaces at its float plant in Gladbeck, Germany,
out of operation until at least the end of calendar year 2012. Company officials say the decision was made "as a consequence of demand reduction across Europe in the company's three main business sectors, solar energy, automotive and architectural products, combined with overcapacity in the European glass industry."

Production at the Gladbeck float line was interrupted in mid-April for a planned cold repair, according to the company. The refurbishment of the line is still underway, but company officials say they do not plan to re-open the line until market demand recovers.

In addition, the company is reviewing further possible reductions in NSG's float glass capacity in Europe, according to the announcement.