Latest News in Auto Glass
-
June 10, 2009Cao Dewang, born and raised in a poor family in rural China, is a true rags-to-riches story.Cao started off peddling cut tobacco and selling fruit on the streets in his hometown at the age of 16. He also worked as a farmer and a chef before his luck turned in 1976 when he landed a job at Fuqing Gao Shan Special Glass Factory, where he was later promoted to merchandiser.The factory soon fell into...
-
June 4, 2009“Considerable business improvement for second quarter is imminent despite unsatisfactory performance in the first quarter of 2009,” said Gerry Tung, CEO and managing director, Xinyi Glass, Markham, Ontario. “Production plant utilization rate has increased to 85 percent to 90 percent from previous levels of 75 percent to 80 percent. The price for float glass has risen to...
-
June 2, 2009General Motors Corp. became the second-largest industrial bankruptcy in history Monday as it filed its landmark case, with President Barack Obama predicting the humbled corporate titan will emerge from Chapter 11 "a stronger and more competitive" company within months.GM's bankruptcy caps a frenetic few months in which the Obama administration scrambled to salvage GM as well as Chrysler...
-
June 1, 2009The Australian glass industry is ploughing on into the 21st century with the production of low-E glass, now manufactured after a major technology upgrade at the Viridian glass-making plant in Victoria.Following the successful commencement of glassmaking in October 2008, the final stage of the technology upgrade is the implementation of a chemical vapor deposition coater.This ensures that energy...
-
June 1, 2009General Motors Corp.’s parts suppliers, battered by losses from slumping vehicle production, face new threats to their survival as the largest U.S. automaker prepares to idle factories in bankruptcy.Viable partsmakers are pivotal for GM’s exit from a bankruptcy set to start June 1. GM shares more than 50 percent of about 1,500 North American suppliers with Chrysler LLC and Ford Motor...
-
May 29, 2009News of a potentially interesting development in North Africa has emerged, where the Azizia Glass Manufacturing Company has opened its new glass processing factory in Libya.Opened on May 20, 2009, the factory has installed and commissioned the latest state-of-the-art computerized glass processing technology, to meet the large demand for specialist glass requirements.gasworld understands that a...
-
May 29, 2009Land allotment for the ambitious Rs 1,000 crore Saint-Gobain greenfield float glass making plant slated to come up in Bhiwadi [India] has been completed. If the state industries department is to be believed the project will take off in three months' time. However, head finance T Bhaskaran, Saint-Gobain India, refused to specify a date for the beginning of the plant and said, "We have...
-
May 29, 2009General Motors, which today unveiled a sweetened deal to shed billions in debt, plans to file for bankruptcy reorganization Monday, the Free Press has learned.The Obama administration today offered General Motors Corp. creditors carrying $27.2 billion of the company's bonds up to 25 percent of a reworked GM if they vowed not to oppose its bankruptcy -- a deal that officials said had the...
-
May 28, 2009General Motors said Wednesday that not enough bondholders agreed to an exchange offer, which expired at midnight Tuesday, to make the deal go through. GM's board will meet shortly to discuss the next steps, which will likely include bankruptcy filing.The automaker attempted to persuade bondholders to trade in $27.2 billion in unsecured public debt notes in exchange for a 10 percent stake in...
-
May 27, 2009Pittsburgh Glass Works LLC will be the main supplier of windshields and laminated glass for Mercedes-Benz cars and SUVs, the company announced.The new, expanded multi-year contract with German carmaker Daimler AG builds on “an existing relationship” and requires Pittsburgh Glass Works to invest in manufacturing capacity and technology development. Financial terms were not disclosed,...
What's Hot
-
Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
-
Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
-
As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
©2013 National Glass Association. All Rights Reserved. Powered by Digital Loom.