[Philippines] Fga Predicts 10% Industry Expansion

The Flat Glass Alliance of the Philippines expects the industry to grow by 8-10% in the next two to three years, the group said in a briefing recently. The value turnover of the flat glass industry is US$80M, said Ronilo Matas, Flat Glass Alliance executive director, citing industry estimates. "We are expecting 8-10% growth from that figure in the next two to three years," he said, adding: "There is a switch in demand for glass products from residential and non-residential components." Matas also noted the demand from the non-residential component grew by 49% on a quarterly basis this year. Energy savings are big industry drivers.