Australian glass maker goes bust blaming cheap Chinese imports

[Pelican Press 0]

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*********** glass maker goes bust blaming cheap ******** imports

Australia’s only maker of architectural glass has gone into administration, threatening more than 200 jobs, after struggling to combat cheaper ******** imports.

Insolvency experts from accounting firm Grant Thornton were put into Melbourne-based Oceania Glass on Tuesday and are keeping the business open while they evaluate prospects for a *****.

Oceania Glass’ acoustic, or noise suppression, glass products are made in a factory in outer Melbourne and dispatched around the nation from distribution centres in Sydney, Brisbane and Perth.

“We have a proud heritage serving Australia, having sold our very first glass in 1856 and are the only architectural glass maker in Australasia,” the company says on its website.

“Our glass is featured in many of Australia’s most iconic buildings, including the *********** Parliament House.”

Grant Thornton says the administrators “will continue to trade the company while they undertake an urgent financial review of the business and conduct an accelerated ***** process for the business as a going concern”.

“We understand the role the company plays in the *********** construction sector,” joint administrator Lisa Gibb said.

“In continuing to trade the business with a view to a going concern *****, we will work to mitigate the potential disruption to customers and the broader sector.”

More to come.

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