Glass, production down by up to 15% due to doubled costs
"We are experiencing a crisis worse than that of 2022: demand, unlike then, is weak. Energy costs have increased: at the time, we were coming from years of low prices, and...
The Italian glass industry is facing a crisis worse than in 2022, with weak demand and increased energy costs. Walter Da Riz, director general of Assovetro, says the sector is under pressure due to strong international competition, particularly from China, which is producing a surplus and exporting it to Europe. The industry, worth €9 billion in revenue, expects a 15% reduction in production by 2026 and doubled energy costs.
Da Riz suggests solutions, including making Italy a European gas hub and securing long-term gas supplies at cost price. China is expanding its presence in the Egyptian market, which offers incentives and lax environmental regulations.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
