NSG Group’s architectural segment recorded revenues of $2.41 billion in fiscal year 2016, according to a release from the company.

The architectural business, which represents 42 percent of NSG’s annual sales, includes the manufacture and sale of flat glass and various interior and exterior glazing products within commercial and residential markets. It also includes glass for the solar energy sector.

“Operating results in the architectural business improved from the previous year due to reduced energy-related input costs and further improvements to market conditions in North America,” the release reads. “Revenues also increased, due largely to the strong market conditions in North America.”

In Europe, representing 35 percent of the Group’s architectural sales, demand increased through the year leading to an improved pricing environment. Cumulative local currency revenues increased reflecting the improved underlying conditions. Profitability was negatively affected by a cold repair, offsetting the positive impact of lower input costs.

In Japan, representing 27 percent of architectural sales, cumulative volumes were similar to the previous year. Revenues and profitability improved due to improved prices and increased sales of value-added products, according to the report.

In North America, representing 15 percent of architectural sales, architectural glass markets continued to register year-on-year growth. The Group’s revenues and profits improved from the previous year. Volumes increased, with domestic demand being particularly strong. Domestic price levels were also above the previous year.

In the rest of the world, markets were generally at similar levels to the previous year. Solar glass dispatches were robust in South East Asia, and profits in South America were resilient despite a challenging economic environment in Argentina. On March 31, 2016, the Group announced its decision to exit from its loss-making business in China producing rolled glass for crystalline silicon photovoltaic applications, according to the report.