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April 7, 2011
The Glass Association of North America, Topeka, Kan., will host GlassFab, May 3-4, in Kansas City. Registration to attend this event has been set at $99 per attendee and is open to anyone in the industry, according to an April 7 release. The event features educational tracks for fabricators of decorative, insulating, laminating and tempered glazing products.GlassFab, which has educated...
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April 6, 2011
Officials at Vitro America, Memphis, announced that the company and three other U.S. subsidiaries of Mexican glassmaker Vitro SAB, including Super Sky Products, Mequon, Wis., have filed a motion asking the U.S. Bankruptcy Court for the Northern District of Texas to enter orders for relief for the four subsidiaries under Chapter 11 of the U.S. Bankruptcy Code. They also have entered into an...
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April 6, 2011
India is an investment hot spot, as far as glass manufacturer Saint-Gobain, France, is concerned. One in every 4 euros it spends is spent in India. The glass manufacturer is looking to double its investments in India in the next five years, and pump in Rs 3,000 crore [$667.7 million] to expand its India operations and capture over 40 percent of the Indian market.
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April 5, 2011
Glaston Corp., Finland, held its annual general meeting April 5, according to a release. The officials approved the financial statements and consolidated financial statements for 2010 and released the board of directors and the president & CEO from liability for the accounting period Jan. 1–Dec.r 31, 2010. They also approved that no dividend is paid for the financial year 2010.Glaston...
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April 5, 2011
Due to technical issues with the system, some registrants for GPD Finland 2011, June 17-20, Tampere, could not register by March 31, according to an April 5 release. To compensate, the GPD organizing committee has extended the deadline of the lower registration fee until April 10. GPD 2011 will offer more than 200 oral and poster presentation, more than 17 Workshops...
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April 5, 2011
U.S. group Molycorp has bought out Estonia's Silmet, one of only two rare earth processors in Europe, the latter's director told AFP Monday [April 4], amid concerns over China's stranglehold on the crucial metals.David O'Brock said that Colorado-based Molycorp paid around $89 million for a 90-percent stake, the bulk bought from parent company Silmet Grupp which will retain almost 10 percent,...
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April 4, 2011
Given that Vitro SAB has been in default on $1.2 billion in bonds for two years, there would seem to be little question that its U.S. subsidiaries should go into Chapter 11 involuntarily. Vitro, Mexico’s largest glassmaker, nonetheless opposed the involuntary filings against U.S. subsidiaries, prompting the bankruptcy judge in Fort Worth, Texas, to hold a two-day trial on March 31 and April 1....
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April 4, 2011
Carlex Glass America, Vonore, Tenn., has completed the acquisition of a float glass manufacturing and automotive windshield fabricating plant in Nashville and an automotive replacement glass distribution business in Lebanon, Tenn., from Zeledyne, according to an April 1 release. Financial terms were not disclosed.The acquired operations join Carlex Glass Co., which produces automotive...
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April 4, 2011
Indo-Asahi Glass, one of the oldest glass manufacturing factories in India's Bhadani Nagar of Ramgarh district, stopped production by cooling down its unit on Friday [April 1]. This is the second time the company has closed and workers were retrenched, according to an April 3 report in The Times of India.
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April 1, 2011
China said Thursday [March 31] it will increase this year's production quota for rare earths but gave no sign it might reverse plans to cut exports of the exotic metals, according to a March 31 AP report in the Chicago Tribune. Cerium oxide--the most efficient polishing material for glass-- is one of the 17 elements that compose rare earth minerals.According to the report,...