Latest News in Fabrication Glass

  • United Plate Glass names David Tyrrell Architectural Products Division Manager
    October 10, 2011
    Officials of United Plate Glass Co., Inc., a fabricator and distributor of flat glass and architectural metal products, announced the appointment of David Tyrrell as Architectural Products Division Manager. The announcement comes as the company looks to expand its efforts in the aluminum systems industry, according to a release. Historically, United Plate Glass has focused on the...

  • PPG anticipates strong second quarter results

    June 16, 2010
    PPG Industries, Pittsburgh, announced June 16 that it expects its second quarter earnings, excluding unusual items, to be in the range of $1.40 to $1.50 per share. Adjusted earnings per share were 91 cents per share in the second quarter 2009 and 70 cents per share in the first quarter 2010.“We are continuing to experience year-over-year demand improvements in the second quarter...

  • Asahi Glass plans up to $1.1 billion of convertible bonds
    November 25, 2009
    Asahi Glass Co., Japan’s biggest glass producer, plans to sell as much as 100 billion yen ($1.1 billion) of convertible bonds for investments and to repay maturing debt.The Tokyo-based company will sell 45 billion yen each in three-year and five-year zero-coupon convertible bonds, according to a filing with Japan’s Finance Ministry today. Sale underwriters Nomura International Plc and...

  • Japan’s Nikkei rises a 6th day, led by glassmakers, chemicals
    June 3, 2009
    Japanese stocks edged up, sending the Nikkei 225 Stock Average to its longest winning streak in five months, led by glassmakers on optimism sales of flat-screen materials will recover.Asahi Glass Co. and Nippon Electric Glass Co. surged more than 5 percent after JPMorgan Chase & Co. rated them “overweight” on expectations sales will rebound, according to a June 3 Bloomberg report...

  • Xinyi Glass placement upsized to $127 million
    May 27, 2009
    One might have thought that investors would tread cautiously around a stock that has already risen more than 200 percent this year, but as it were, investors were happy to buy Hong Kong-listed Xinyi Glass Holdings last night when the stock was offered through a combined placement of new and existing shares. The share sale was ultimately upsized by 21 percent, which resulted in a final deal...

  • Japan stocks: Asahi Glass, Canon, Inpex, Lawson, Square Enix

    May 19, 2009
    Japan’s Nikkei 225 Stock Average rose 251.6, or 2.8 percent, to 9,290.29 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.Asahi Glass Co. (5201 JT) climbed 9.4 percent to 674 yen, the highest since Oct. 15. The glassmaker was lifted to “buy” from “neutral” by...

  • Japan stocks slump on outlook, valuations; Asahi Glass soars
    May 12, 2009
    Japanese stocks slid for the first time in six days on concern earnings will continue to decline this year and that a recent share rally was overdone.Asahi Glass Co. surged 12 percent after Nomura Holdings Inc. raised its rating on the company to “buy.”

  • Asahi releases consolidated financial results for FY2009 1Q
    May 11, 2009
    Asahi Glass released its consolidated financial results for FY2009 first quarter, Jan. 1 through March 31, 2009, on May 11.Read full release.

  • Glaston releases interim report
    May 6, 2009
    Glaston Corp., Finland, released its Jan. 1-March 31, 2009, interim report, according to a  May 5 release.“The glass processing machine market came to a halt in the final quarter of     2008," said Mika Seitovirta, president and CEO, in the release. "The inactive market situation continued in the first quarter in nearly all the market areas. The economic...

  • Vitro reports 1Q'09 declines of 34.5 percent and 34.3 percent in sales and EBITDA
    May 1, 2009
    Vitro S.A.B. de C.V., Mexico, one of the world's largest producers and distributors of glass products, today announced 1Q'09 unaudited results. Year over year consolidated net sales declined 34.5 percent affected by a 34.0 percent peso depreciation during last 12 months 1Q'09, lower volumes and the deconsolidation of Comegua--the company's glass container subsidiary in Central America.
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What's Hot

  • The good, the bad, the suspect
    In April 2011, the U.S. International Trade Commission instituted antidumping and countervailing duties on aluminum extrusion products from China, following a Department of Commerce investigation that determined 29 Chinese companies dumped some $500 million worth of extruded aluminum products into the U.S. market last year. According to the DOC, the Chinese exported their aluminum extrusions to...
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  • Between a rock and a hard place
    Cost increases have dominated the headlines the last several months, with glass and metal suppliers upping prices in response to rising raw material and operating costs. 
    Price hikesIn letters sent to customers this summer, glass and metal suppliers alike pointed to increasing raw material, fuel and operating costs as the reasons behind the price increases that took effect this June. (Visit GlassMagazine.com to see which suppliers raised prices and by how much.) Several industry representatives say prices have been deflated for years, and the increases were...