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Sector Trend - Outlook
22-Jan-13
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Sector
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Glass & Glassware: Margins likely to improve on drop in soda ash prices
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Indian Glass industry as a whole has been impacted by the sharp rise in the cost of key raw materials accentuated by unprecedented depreciation of Indian rupees against the US dollars, a double blow on the cost front. Apart from the rise in the cost of raw materials, a sharp rise in the cost of power and energy has also impacted the industry. Even though the short term growth looks pale, the long term growth of the industry is intact backed by the expected revival in auto sector, real estate sector and in the retail sector due to the allowing of 51% FDI. Growth in Float Glass segment is expected to pick up once the interest rates start softening leading to increasing demand for real estate. Finally, players who have taken initiatives to control the costs will benefit with relatively better margins.
Glass consumption growth is expected to increase in all the major sectors such as consumer goods, pharmaceuticals, automotive and construction driven by up tick in demand. The lower per capita consumption of 1.5 kg in India as compared to the other countries and the strong economic drivers for end user segments (liquor, beer, pharma, food, cosmetics etc) will boost the demand for the industry.
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Previous News |
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30-Jun-24
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Glass & Glass Products
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30-Jun-22
10:44
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Hindusthan National Glass & Industries recommends dividend
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Corporate News
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19-May-10
19:38
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Glass and Glass Products: Abolish customs duty on Soda Ash
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Sector Trends
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Sector
12-Mar-12
11:29
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Glass & Glassware: Significant growth in Glass Sheet output on improved demand from construction sector
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Sector Trends
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Sector
21-Dec-12
14:41
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Borosil Glass Works appoints additional directors
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Corporate News
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24-Aug-09
10:09
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Piramal Glass to raise funds
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Corporate News
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20-Jan-09
16:49
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Empire Industries to consider dividend
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Corporate News
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16-Jun-09
16:02
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IAG Company's MD resigns
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Corporate News
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02-Mar-10
10:53
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IAG Company defers board meeting
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Corporate News
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06-Nov-09
14:08
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Other Stories |
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