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August 24, 2010
Industry sources say the recent uptick in construction jobs will likely be fleeting since it is based on federal stimulus dollars that will soon dry up."There are few signs of life in privately funded construction, and state and local budget deficit projections are forcing further cuts in non-stimulus public projects," said Ken Simonson, chief economist at the Associated General Contractors of...
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June 21, 2010
Price increases on tinted and coated float glass products go into effect this month as primary float manufacturers look to pass on increased operational costs. Pilkington North America, Toledo; PPG Industries, Pittsburgh; and Guardian Industries Corp., Auburn Hills, Mich.; recently announced price hikes, citing increased material, transportation and labor costs as reasons behind the increase...
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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...
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May 7, 2010
Officials at C.R. Laurence Co., Los Angeles, today [May 6] announced that the company has entered into an agreement to purchase Jackson Corp., also of Los Angeles. Jackson has been a manufacturer of door hardware for the aluminum and tempered glass door industry for more than 50 years.“We are very pleased to announce this agreement.” said Lloyd Talbert, president of C. R....
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April 5, 2010
Officials of the National Glass Association, McLean, Va., and Consulting Collaborative, Dallas, announced April 1 the availability of a new NGA member service: business development consulting. The consulting is aimed at increasing sales and profits, as well as other initiatives that contribute to creating a successful company in the glass and glazing industry.The NGA has...
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April 1, 2010
Sejal Architectural Glass Ltd. has announced that the production activities from the company's newly set up float glass manufacturing at Jhagadia, Bharuch, have been suspended temporarily on account of certain teething issues which have occurred in the glass manufacturing plant at the initial stage of production.The technical team of the equipment supplier, M/s. Fives Stein [France], along with...
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April 1, 2010
Guardian Industries has confirmed it plans to close a small glass fabrication plant in Walled Lake later this month.Amy Hennes, Guardian spokeswoman, said Wednesday [March 31] the Walled Lake plant was closing because of continued reduction in business and the ongoing slowdown in the economy.The plant will close by April 22, she said. After the plant closes, Guardian’s other fabrication...
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March 29, 2010
The growing trade deficit between the United States and China eliminated or displaced an estimated 2.4 million jobs in the U.S. between 2001 and 2008, according to a new report from the Economic Policy Institute, Washington, D.C.The report, "Unfair China Trade Costs Local Jobs," shows that every state in the country, as well as Washington, D.C. and Puerto Rico, suffered jobs lost or...
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March 17, 2010
The [Grand Bahamas] government is concerned over Fenestration and Glass Services Ltd.'s recent announcement that it is closing its doors due to a dispute with the Grand Bahama Power Company (GBPC).FGC Chief Executive Officer Steve Howes, in a letter posted on several local Web sites Monday [March 15], revealed that over the past three years the company has experienced many problems with the...
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February 19, 2010
The trade department has agreed to continue imposing duties on imported flat glass for another four years to protect local manufacturer AGC Flat Glass Philippines, Inc., according to a Feb. 17 BusinessWorld Online report.Adjusted safeguard duties will be slapped on imported float glass this month according to copies of department orders made available to BusinessWorld. Duties on figured...