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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB

CIB 58.04

+0.3%

Oct 31 9:30 AM EDT

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To: k. Urmann who wrote (28)	4/6/1998 11:11:00 AM
From: Arnold Layne	Read Replies (1) of 72

Investment from Europe continues........ Pilkington <PILK.L> & SGobain <SGOB.PA> in Colombia move LONDON, April 6 (Reuters) - Britain's Pilkington Plc <PILK.L> and Saint-Gobain <SGOB.PA> of France announced on Monday they are to join with the Colombian Group, Sur Americana, to build a float glass production line near Bogota in Colombia. The two European glass makers said they will form a holding company to own a majority share of the plant, which will come on stream in 2000. Saint Gobain will hold a majority stake in the holding company. The two have existing joint ventures in South America including five float lines -- three in Brazil, one in Argentina and one in Chile, with a total capacity in all three countries of about 700,000 tonnes per year of float glass. Pilkington said the current level of demand in Colombia is approximately 120,000 tonnes per year. 07:46 04-06-98

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