Care Ratings: Glass Industry Update - Demand To Remain Weak In The Near Future
A glass vial is heated during manufacture in Germany. (Photographer Alex Kraus/Bloomberg)

Care Ratings: Glass Industry Update - Demand To Remain Weak In The Near Future

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

Glass sheet (including toughened glass) finds its application mainly in real estate, automobiles and smart phones. The production of glass sheet during the first nine months of calendar year 2020 fell by 15.9% to 57 million square meters compared with 67.8 million square meters in the same period last year.

The production of glassware that is used in the preparation of flower pots, decorative glassware, table wares, lamps and consumer durables decreased by 16.4% to Rs 26.6 billion during nine months CY20 from the earlier production of Rs 31.8 billion in the same period last year.

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Care Ratings Glass Industry Update.pdf

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