Sluggish real estate jolts Bangladeshi glass manufacturers

A sluggish real estate market has affected the growth of the Bangladesh glass processing industry. Float glass manufacturers, which saw a jump in domestic demand in 2009 and 2010, have stagnated since early this year, according to a Dec. 11 Daily Star Online report.

Officials of Bangladesh's PHP Float Glass Industries and Nasir Glass Industriesare now running under-capacity, according to the article. The use of float glass in buildings is relatively new in Bangladesh. Before Nasir and PHP entered the market -- in 2005 and 2006, respectively -- the product was imported on a small scale.

Read more...