Latest News in Commercial Glass
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May 23, 2012While the aerospace and transportation segments account for more than 91 percent of the total smart glass market, there is significant growth potential in the construction segment, according to a new report from BCC Research. Smart glass product value in the construction market reached $69.8 million in 2010 and $79.7 million in 2011. That value is expected to reach $129.5 million by 2016,...
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May 21, 2012CBO Glass is facing a second lawsuit stemming from claims it failed to pay amounts due under collective bargaining agreements with local unions. Trustees of the Iron Workers Local Union No. 5 and Iron Workers Employers Association, along with representatives of Local Union No. 5 of the International Association of Bridge, Structural and Ornamental Iron Workers filed suit against the...
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May 21, 2012euroTECH GmbH, the German supplier of vacuum-lifting and transportation equipment for the glass, wood and metal working industries, is now part of euroTECH Vertriebs GmbH. The company remains in Geislingen, but is now led by Thomas Schulz, the new CEO of euroTECH Vertriebs GmbH, according to a company release. Former euroTECH CEO Peter Bunnenberg will stay in the newly founded...
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May 21, 2012Security glass manufacturers are rallying, according to IBISWorld Market Research. While declines in the construction and automotive markets caused demand for industry products to collapse, in the coming years, revenue is set to expand as downstream construction markets regain traction in the recovering economy, IBISWorld says in its new report, "Security Glass Manufacturing."In the near term,...
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May 14, 2012The NSG Group announced it will keep one of the two furnaces of its Gladbeck float plant in Germany out of operation until at least the end of calendar year 2012. The decision was taken as the result of reduced demand across Europe in the group's three main business sectors--solar energy, automotive and architectural products--according to a May 14 release.Production at the Gladbeck float...
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May 14, 2012KL megla America officials announced the promotion of Jared Williams from director of sales and marketing to CEO. Williams has 15 years of experience in startup and finance companies. Under his leadership during the past few years, KL megla America’s gross revenue has increased 400 percent, according to a May 14 release.“Jared provides the stability and innovation to see KL megla America through...
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May 14, 2012RutherfordGysbertsenPennerGaribaldi Glass appointed Ross Rutherford, president of Rutherford Ventures Inc., as sales agent for the Alberta and Saskatchewan markets in Canada. Rutherford has 35 years of related experience in the glass industry, having spent the early days of his glass career working at PPG in various roles. For the past five years, he represented Viracon in the Alberta...
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May 11, 2012Contractors showed slightly greater ability to roll price increases into their bids in April, according to an analysis of producer price index figures released May 11 by the Associated General Contractors of America.Indexes for new nonresidential buildings, which are a measure of what contractors estimate they would charge to put up a new building, increased 0.5 percent in April and 4.3 percent...
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May 11, 2012YKK AP America officials announced the appointment of Matt Hale as national operations manager. Hale brings more than 30 years of industry experience in sales, marketing, distribution and start-ups to the company.“Matt has quite the track record of driving sales and marketing programs, running distribution operations and establishing business start-ups. His experience will be invaluable...
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May 10, 2012Nippon Sheet Glass Co. said it slid into a net loss last fiscal year, and warned of deeper trouble ahead, soaking up restructuring costs to offset the impact of Europe's economic weakness on its core construction and auto glass operations, according to a May 10 Wall Street Journal report.Speaking on the sidelines of a news conference, CFO Mark Lyons told Dow Jones Newswires that in the company's...
What's Hot
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CH Holdings, the St. Louis-based holding company that owns Enclos Corp. and Environmental Interiors Inc., has relaunched the Cupples brand in the domestic U.S. marketplace, according to confidential sources. CH has reportedly tapped Bob Trainor, former CEO of Trainor Glass, to lead the new Cupples team.The new façade contracting company, Cupples Inc., will target smaller projects with $1...
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In the span of three months, Grey Mountain Partners, the Boulder, Colo., private equity firm, acquired four glass and metal fabrication companies: Custom Components Co., Columbia Commercial Building Products, Global Security Glazing and Hawkins Architectural Products. Recently, Beth Lesniak, vice president and affiliate manager for Grey Mountain,...
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UPDATE: Trainor Glass filed a motion in the Chapter 11 case on March 13, seeking to use cash collateral and obtain post-petition financing to “pay for the costs of the preservation and orderly liquidation of debtor’s assets, and to pay for the costs of administration of the debtor’s chapter 11 case,” according to the court documents.First Midwest Bank, the bank involved in the motion, has “...
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