£31m dispute charge at Pilkington

Wednesday 05 April 1995 00:02 BST

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£31m dispute charge at Pilkington

Pilkington is to take a £31m exceptional charge in its results for the year to March 1995 to cover the cost of settling a dispute with PPG of the US. Pilkington will pay back, with interest and other costs, the £21m it was awarded in September 1992 after alleging that PPG had violated float glass technology licensing arrangements. PPG, in return, alleged that Pilkington had violated anti-trust laws in the same area.

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