World Soda Ash 2015: Russian glass bubble cracking
Published: Wednesday, 30 September 2015
Significant investment in Russia's container glass manufacturing capacity looks set to be lost as declines in the country's bottle production, led by changes in its alcohol market, high manufacturing costs and competition for other materials eat into demand, causing soda ash suppliers to bypass the sector.
Russia's glass industry is facing a rout of producers
as overproduction and low demand for the construction and
container material put pressure on the sector.Pavel Bobosik,
CEO of Russia-based Ekran Cotainer Glass, told delegates at the
IHS World Soda Ash Outlook in Barcelona, Spain, that an
investment bubble in the...