Alcohol ban shatters Consol Glass R1.5bn new plant investment
The alcoholic beverages industry accounts for about 85% of sales in the glass packaging industry, which expects to fall by about 15% over the next year
04 August 2020 - 18:58
Consol Glass has indefinitely suspended construction of a new R1.5bn glass manufacturing plant in Ekurhuleni, Gauteng as the government’s ban on the sale of alcohol to combat the coronavirus’s spread shatters demand for glass products.
“The ongoing ban of alcohol sales and restrictions of on-premise consumption results in massive future demand issues and lost confidence in these markets recovering,” Consol CEO Mike Arnold said...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now