Metro Performance Glass Limited
MPP.AX
Australian Securities Exchange1.02
AUD
+0.07
- -
Metro Performance Glass Limited
MPP.AX
(Australian Securities Exchange)
Recent
price
1.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Metro Performance Glass Limited, headquartered in Auckland, New Zealand, specializes in supplying and processing high-performance flat glass and related products predominantly for the residential and commercial building sectors in New Zealand and Australia. The company's core product offerings include glass splashbacks, mirror glass, internal glass partitions, glass canopies and facades, floors and stairs, commercial glass, shower glass products such as hinged door showers, bath and shower screens, sliding door showers, and shower hardware. It also manufactures and supplies balustrades, including channel, point fix, mini post balustrades, rails for balustrades, pool fences, and a wide range of specialty glass types such as float, low emissivity (Low E), solar control, decorative, safety, security, heat-strengthened, noise reduction, privacy, and fire-resistant glass. Metro Performance Glass additionally provides services like Metro Direct glazing with sales, service, and installation across New Zealand, retrofit double glazing using existing joinery, and commercial glass design and glazing services. The company operates an extensive network of manufacturing and processing plants across Australasia, including seven processing facilities and fifteen distribution or retail sites, serving both new build and retrofit markets. Founded in 1987, Metro Performance Glass Limited has evolved as a market leader in the value-added glass processing sector with roughly a 50% market share in New Zealand. Recent major company changes include a recapitalization plan approved by shareholders in September 2024, which shifted control to Amari Metals and enabled repayment of debt along with securing a new three-year banking facility. The company has also undergone board changes announced in early 2024 and management updates reported in 2025. These financial and strategic shifts reflect efforts to stabilize and strengthen the company's operational and capital structure while sustaining its leadership position in the Australasian glass industry. Metro Performance Glass serves a broad range of customers in both residential and non-residential construction markets, providing highly customized glass solutions designed to meet stringent building codes and performance requirements. Its product portfolio extends to annealed, toughened, laminated, painted, and digitally printed glass products applicable in diverse architectural and interior design applications. The company is publicly listed on the New Zealand Exchange (NZX: MPG) and the Australian Securities Exchange (ASX: MPP), emphasizing its significant presence and integration within the Australasian building materials sector. This comprehensive product and service offering alongside recent recapitalization and strategic adjustments illustrate Metro Performance Glass Limited's commitment to maintaining leadership in quality, service, and innovation in glass products and glazing solutions for the Australasian market.