Spanish glass company celebrates success

Spains largest publicly traded glass company is expected to report that it has experienced growth when it releases figures next year.

Vidrala expects around ten per cent growth in earnings after sales grew 15 per cent, according to the Guardian.

Europes fourth largest glass producer has been benefiting from a renaissance in the glass industry.

The materials recyclability has made it popular among environmentalists, while its style and dynamism has won over many others.

"We expect growth in every area in 2009," Vidrala chairman Carlos Delclaux told Reuters in an interview on Tuesday.

"We want to be strong in Southern Europe … It would make sense for us to play a (acquisitive) role in Italy."

Vidrala makes its main profits from glass containers such as jars and bottles, but the product has now become a mainstream building material, with almost every large new building being made of glass and aluminium.

A recent example can be found in Paris, where the first skyscraper to be built in the city for more than 30 years will be a giant glazed pyramid.