Building downturn hits Metro Performance Glass

Metro Performance Glass CEO Simon Mander says regulatory changes setting higher thermal performance requirements are good for the company. (Image: BusinessDesk)

Oliver Lewis

Tue, 01 Aug 2023

Glass manufacturer Metro Performance Glass faces a period of reduced demand in line with a softening of residential building activity.The publicly listed company held its annual general meeting on Tuesday as two of its biggest shareholders – Peter Masfen and Peter Wells – make overtures to buy out their fellow owners, having lobbed in an early bid that was quickly rejected by the board.In a presentation to shareholders, chair Peter Griffiths described the 2023 financial year as another challenging one for th...

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