India Flat Glass News

Recent industry report about India Flat Glass company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Flat Glass Market industry experts.

India Flat Glass News

  • In December 2022, Saint-Gobain announced to invest INR 1,800 crore (~USD 243.45 million) to expand its businesses, including glass, construction chemicals, and ceramics in its world's biggest flat glass factory at Bhiwandi in Rajasthan, which will be inaugurated in the second quarter of 2023.
  • In March 2022, Saint-Gobain, a French manufacturer of float glass, invested INR 500 crore (~USD 67.63 million) in a new float glass facility and an integrated window line at its World Glass Campus in Sriperumbudur, west of Chennai, India.
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  • January 2024: Nouryon announced the completion of a production capacity expansion of nearly 50% for its Levasil colloidal silica products at its manufacturing facility in Green Bay, Wisconsin, United States. The expansion aims to address the rising demand for colloidal silica, particularly in North America, and strategically expand the company’s global colloidal silica manufacturing footprint to serve regional and global customers.
  • February 2024: Evonik Industries AG undertook a significant investment in the expansion of its precipitated silica plant at the Charleston site in South Carolina to meet the escalating demand, particularly from the tire industry in North America, and enhance the resilience of supply chains for Evonik partners in the region by facilitating local silica sourcing.
  • November 2023: Covia Holdings LLC announced that mining operations at its Gore facility in Virginia will be idled in Q1 of 2024. This facility's recent product portfolio focused on the glass and construction end markets, such as Glassil high-purity glass sand and Granusil high-performance industrial silica.
  • May 2023: Nanostone inked an MoU with ACWA Power, a global powerhouse in power generation, water desalination, and green hydrogen plants. The agreement, signed at Saudi Arabia's premier innovation hub, King Abdullah University of Science and Technology (KAUST), aims to assess Nanostone's ultrafiltration (UF) ceramic membranes and their process technology for seawater desalination.
  • October 2022: METAWATER Co. Ltd announced the construction of the world's largest ceramic membrane filtration water treatment plant in the United Kingdom. The Hampton Loade Water Treatment Plant, located near Bridgnorth in the West Midlands, United Kingdom, can produce 210,000 cubic meters of water per day (equivalent to 55 million gallons daily) and supply up to 700,000 people. The plant is presently undergoing renovation, and upon completion, it will become the world's largest ceramic membrane water treatment plant.
  • September 2022: Nanostone announced that its ceramic ultrafiltration membrane technology was approved for drinking water treatment in the United Kingdom under Regulation 31.
  • July 2022: Sibelco acquired EchasaSA, a mining company that mines silica sand from the Laminoriaquarry near Vitoria in the Basque Country in northern Spain, 160 kilometers from Sibelco's nearest silica sand quarry in Ariya.
  • April 2022: Source Energy Services has an agreement with Canadian Silica Industries Inc. and Contractor's Leasing Corp. Through this agreement, the company concluded the operation of its Peace River frac sand facility and increased its frac sand production with additional 400,000 metric tons, which will boost the company's business.

The recent developments pertaining to the major players in the market are being covered in the complete study.

  • January 2023: RHI Magnesita GmbH announced the completion of its acquisition of Dalmia Bharat Refractories Limited's (DBRL) Indian refractory business is expected to add almost 300,000 tons of capacity annually to the existing production footprint in India, enhancing the company's business in the studied market.
  • December 2022: Shinagawa Refractories Co. Ltd (Shinagawa) acquired the Brazilian refractory business and alumina-based wear-resistant ceramics business from Compagnie de Saint-Gobain S.A. (Saint-Gobain) in the United States. This acquisition was expected to help the company to enhance its product portfolio in the coming years.
  • April 2022: Saint-Gobain acquired Monofrax, based in New York, and a manufacturer of fused cast refractories. This strategic move was expected to strengthen the company's position in the American market.
  • In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
  • In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.
  • January 2024: Equinor and Linde signed an agreement to construct the H2M Eemshaven low-carbon hydrogen project in the Netherlands.
  • November 2023: Air Products announced Europe’s largest blue hydrogen plant in Rotterdam, the Netherlands. The plant is expected to go online by 2026 and will serve ExxonMobil’s (Esso) Rotterdam refinery and other customers.
  • July 2022: Air Products and VPI (a power generator company) signed a joint development agreement for driving the 'Humber Hydrogen Hub' or 'H3,' which seeks to develop an 800 MW low-carbon hydrogen production facility in Immingham, United Kingdom.
  • January 2024: Automotive Glass Experts (AGE) announced a strategic supplier agreement with Johnson Window Films to enhance its offerings and provide a comprehensive range of window film applications as a complementary service in its workstations.
  • August 2023: AP Corporation gained one of the only 3M window film dealers in the greater Miami area by acquiring window tinting company Solar Tint Inc. to serve businesses, homeowners, and vehicle owners from three locations in Maryland, North Carolina, and Florida.
  • February 2023: Eastman Chemical Company acquired Ai-Red Technology (Dalian) Co. Ltd, a manufacturer and supplier of paint protection and window film for auto and architectural markets in Asia-Pacific. This acquisition demonstrates Eastman's commitment to driving growth in performance films and the paint protection and window film markets. The investment further strengthens the company's ability to deliver consistent, superior value as a specialty materials company and expands the service level in China and Asia-Pacific. This site will align with Eastman's performance film operations and its high standard of quality supply into the market.
  • April 2022: China Baowu Steel Group announced the acquisition of Xinyu Iron & Steel Co. (XISCO), a state-owned steel manufacturer in Jiangxi province, China, with the transfer of 51% of the shares enhancing Baowu's overall steel production capacity as XISCO is the largest steel manufacturer in Jiangxi Province, with a total output of around 9.89 million tons in 2020.
  • January 2022: Tata Steel Ltd's crude steel production increased by 16% Y-o-Y to 14.16 million tons at the end of the third quarter on December 31, 2021. Its total deliveries increased by 4% at 13 MT Y-o-Y on the back of continued economic recovery.
  • January 2022: MariMed Inc. signed a definitive agreement to acquire Green Growth Group Inc., holder of a provisional Cannabis Craft License in Illinois.
  • January 2022: MariMed Inc. entered a definitive agreement to acquire Kind Therapeutics USA LLC, a leading vertically integrated cannabis business in Maryland.

Glass Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)