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...
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