April 30, 2013
Vitro announced plans to invest more than $1.7 billion pesos (about $140 million) this year to increase furnace capacity and upgrade its plants. Eighty-nine percent of the investment will be directed to operations in Mexico.“The amount shall represent an increase of 65 percent with respect to the investment achieved in 2012 and shall be directed towards increasing the melting capacity in glass...
April 26, 2013
Saint-Gobain reported first-quarter sales dropped 4.8 percent amid a construction slump and cold weather in Europe, according to Bloomberg. Sales declined to $12.6 billion, company officials said in an April 25 statement.In response, CEO Pierre-Andre de Chalendar is cutting investments, selling businesses and raising prices to adjust to the European car and construction slump that has hurt...
April 10, 2013
Apogee Enterprises, parent company of Viracon, Harmon, Wausau Window and Wall Systems, Linetec, and Tubelite, announced that fiscal 2013 full-year revenues of $700.2 million were up 6 percent over FY2012. During fiscal 2013, architectural segment revenues grew 6 percent, led by the installation, storefront and window businesses, and operating income improved by more than $20 million, driven...
April 2, 2013
PPG Industries has finalized the acquisition of the North American architectural coatings business of Akzo Nobel in a deal valued at $1.05 billion.“We are pleased to have successfully completed this acquisition, the second-largest in our company’s history, as it further extends PPG’s architectural coatings business in the United States, Canada and the Caribbean, and continues the accelerated...
March 26, 2013
Vitro announced that its board of directors has appointed Adrián Sada Cueva as CEO, replacing Hugo Lara García, who is retiring. Prior to this appointment, Sada Cueva was president of Vitro's Glass Container Division. He has 15 years' experience with the company, also serving as VP of operations and administration for the division, as well as financial officer. In 2008 and part of 2009...
March 22, 2013
JLM Wholesale Inc., a security door hardware wholesaler, received national certification as a Women’s Business Enterprise by the Women’s Business Enterprise Council - Great Lakes, a regional certifying partner of the Women’s Business Enterprise National Council.JLM Wholesale is a family-owned business founded in 1984 by Janet Mirku in Oxford, Mich. Since 2010, Mirku's daughter, Annette...
March 19, 2013
Price increases for a variety of architectural glass products are set to go into effect this April, as primary glass manufacturers contend with higher material and service costs.In a March 7 letter to customers, Guardian Industries announced it would increase prices for several products, effective April 8, 2013, citing "higher costs for the materials and services used in manufacturing...
March 18, 2013
Harmon Inc. is doubling the size of its West Chester, Ohio, operation, according to a Business Courier report. The journal reports Harmon has leased 156,000 square feet at the Port Union Commerce Park and plans to relocate from its existing 78,000-square-foot facility. Company spokeswoman Thyra Nelson told the journal the expansion is needed to increase production capacity.
March 8, 2013
According to Ocala.com, in January 2010, the Ocala City Council approved giving $249,294 in incentives to Pittsburgh-based Santelli Tempered Glass Inc., in exchange for the company creating 35 new jobs and making a $3.3 million investment in machinery and equipment in Ocala, Fla. Santelli Glass closed its doors in Ocala in 2011, the paper reports. Under the “claw back” provisions of its...
March 7, 2013
Grey Mountain Partners announced today that Paul Cody has been named president and CEO of Consolidated Glass Holdings, Inc., a consortium of its affiliate companies that includes Global Security Glazing, Custom Components Co., Columbia Commercial Building Products, Hawkins Architectural Products, North American Specialty Glass, Insulpane and Solar Seal. Cody succeeds Tom Ryan. Cody brings...