The glass industry is at the edge of the cliff with 2 500 jobs at stakeKeeping a furnace burning costs R8 million a dayConsol Glass lost R3.5bn in lost sales and production in the first alcohol ban. At the heart of the dry throats is the government’s reinstated alcohol ban this month that came with no warning after the first one was briefly lifted last month. Consol lost R3.5bn in sales and production during the first alcohol ban. The ban has also placed glass industry suppliers of raw materials such as silica sand, limestone, soda ash, feldspar, iron slag and cullet at risk. For Isanti Glass, the conclusion of its acquisition of 60% of Nampak’s glass business was meant to be a fresh start.

Source: News 24 July 26, 2020 08:37 UTC