Metroglass shares tumble to record low as new rival threatens local market

Mon, 19 Nov 2018

By Rebecca Howard Nov. 19 (BusinessDesk) - Metro Performance Glass shares fell to a record low as it signalled a possible competitive threat on the horizon. The shares recently traded down 24 percent at 64 cents when it said a new entrant into New Zealand glass processing was expected from mid-2020. The new player is looking to enter the New Zealand glass processing market, with a new processing plant near Hamilton, it said. The greenfield development is expected to begin early production in around 18 months. According to Metroglass ...

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