Latest News in Commercial Glass
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May 10, 2011HHH Architectural Tempering Systems, Vancouver, Wash., has launched a new website at www.hhhtempering.com, along with a new name: HHH Tempering Resources. In addition, the company has expanded its services to the glass industry, according to a May 10 release."For over 10 years, HHH manufactured cost-effective flat glass tempering furnaces, as well as serviced and supported HHH and Mrozeck...
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May 9, 2011Vitro SAB won court approval last week to auction the assets of its Vitro America and Super Sky Products subsidiaries, despite objections raised by creditors and Sun Capital Partners, according to a May 6 Bloomberg report.In April, Vitro America officials announced that the company and three other U.S. subsidiaries of Vitro had entered into an agreement to sell substantially all of the assets of...
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May 9, 2011Construction spending bounced back from an 11-year low in March, increasing by 1.4 percent to a total seasonally adjusted annual rate of $769 billion, according to analysis of new Census Bureau data by the Associated General Contractors of America. Association officials cautioned in a May 2 release that the industry remains weak, however, noting that total construction spending remains 6.7...
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May 6, 2011Officials of Diamon-Fusion International, Inc., Irvine, Calif., announced May 5 that the company had signed a new agreement with its strategic partner Cristacurva to further expand Cristacurva's North American distribution through its new production facility in Houston, Texas. The new agreement provides Guadalajara-based Cristacurva an additional distribution channel of DFI...
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May 5, 2011The creditors' committee for U.S. subsidiaries of Mexico's Vitro SAB charged in a May 4 court filing that the glassmaker didn't properly disclose how it hopes to retain an interest in the U.S. businesses after a court-approved sale, according to a May 5 Bloomberg Businessweek report.According to Bloomberg: "In its objection to Vitro's proposed procedures for auction and sale, the creditors'...
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May 4, 2011The United States International Trade Commission has reached a final determination in its antidumping and countervailing duty investigations of imports of aluminum extrusions from China. Agreeing with U.S. Department of Commerce findings that these products are subsidized and sold in the United States at less than fair value, ITC officials have cleared the way for preliminary duties imposed last...
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May 4, 2011Shares of Alcoa Inc., parent company of Kawneer North America, Norcross, Ga., rose 3 percent on Tuesday, May 3, on market talk that Rio Tinto was lining up a bid to buy the U.S. aluminum company, but sources said two banks rumored to be financing the deal were not involved, according to a May 4 Reuters report.A senior banker at Santander denied the Spanish bank had secured a loan to finance...
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May 3, 2011American Glass Enterprises LLC, an affiliate of Sun Capital Partners, has filed an objection to the bidding procedures related to the sale of Vitro SAB's four U.S. subsidiaries: Vitro America, Super Sky Products, Super Sky International and VVP Finance Corp., according to documents filed May 3 in the United States Bankruptcy Court for the Northern District of Texas Dallas Division.According to...
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May 3, 2011Mexican glassmaker Vitro SAB said its net profit grew to $21 million in the first quarter, up from $2 million a year earlier on higher sales and operating profit, according to a May 3 report in The Wall Street Journal.Vitro, which is in the midst of a controversial debt-restructuring, said Monday its sales in the quarter grew 13 percent to $480 million, with flat glass sales up 3...
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May 3, 2011Officials of Custom Components Co. announced the award of a new project in Marina Del Rey, Calif. The $110 million Stella luxury apartment mixed-use housing project, developed by Merlone Geier Partners and GLJ Partners, will feature two mid-rises, consisting of 244 luxury apartment homes above 9,000 square feet of retail space and two levels of parking. In compliance with...
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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....
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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....
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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...
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