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NSG Group Announces Closure of Float Line

NSG Group announced that it will cease the production of a float line at its site in Weiherhammer, Germany, ahead of the cold repair planned next year.

The decision is a consequence of the review of the current demand and supply situation in the central European architectural glass market, while expecting steady market growth in the long term.

It is anticipated that the production will cease in summer 2024, around 12 months prior to the planned repair, which will commence in June 2025. The group does not expect any material additional one-off costs nor redundancies as a result of the early closure of the float line.

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