Global Update September 2021

NSG Group to Complete Construction of New Operations in Argentina

Construction of NSG Group’s new architectural glass facility in Argentina is once again underway, after being suspended in 2020 amid the pandemic. NSG announced it is now moving forward to complete the construction of its float line in Argentina, which is expected to produce an estimated 900 tons per day and help address the macro challenges facing the South American country.

Located in an industrial site in Cardales, approximately 43 miles northwest of Buenos Aires, the plant will utilize the latest NSG technology. This includes aspects such as the application of Industry 4.0 standards and technologies that support the decarbonization ambition of NSG, according to the announcement.

The International Finance Corp. is investing $40 million in NSG UK Enterprises Ltd. (NSG UK) to complete and start the new operations. According to the announcement, the loan to NSG UK is through the company’s subsidiary in Argentina, Vidriería Argentina S.A. (VASA), a joint collaboration with Saint-Gobain.

Isra Vision, Atlas Copco Group Form New Division

Isra Vision has entered into a strategic partnership with the Swedish industry group Atlas Copco, forming the new Machine Vision Solutions division.

As a separate division in Atlas Copco’s Industrial Technique business area, Isra will continue to operate from its headquarters in Darmstadt and is building a new headquarters north of there. The move-in is scheduled for the end of 2022.

Also part of the new division is the previously acquired image processing and visual quality control specialist Quiss GmbH of Germany and the U.S. company Perceptron, specializing in automated measurement technology.

Schott Breaks Ground in Bolu, Turkey

Glass manufacturer Schott has invested $10,651,410* in production technology and digital infrastructure to build flat glass production operations at Schott Orim in Bolu, Turkey. The groundbreaking ceremony for the new building took place in July 2021, with production planned to begin in early 2022. Alongside increased production capacity, the new infrastructure will create new employment in addition to the current 700 employees.

“The investment will increase the production capacity in Bolu by 50% and underlines the importance of the home appliance business to Schott,” said Heinz Kaiser, member of the Schott management board.

*Financial information was converted from Euros on July 27, 2021

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