Latest News in Fabrication Glass
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May 21, 2009Asahi Glass, the Japanese-based parent of AGC Flat Glass, plans to merge its flat glass and automotive glass organizations under one umbrella to help boost profitability.Chris Correnti, AGC vice president, general counsel and secretary, said the newly combined organization will be headed by AGC President Brad Kitterman and will be headquartered in Alpharetta, Ga. The automotive glass business was...
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May 20, 2009Nippon Sheet Glass Co., which bought Pilkington Plc in 2006, forecast a wider loss and a sales decline for its current year, and said it will cut 6,700 jobs by the end of March next year.The company expects a net loss of 50 billion yen ($523 million) in the year to March 31, following a 28.4 billion loss for the year just ended, according to a company statement sent to the Tokyo Stock Exchange,...
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May 19, 2009Ethiopia Hansom International Glass PLC for producing sheets of glass is scheduled to be inaugurated tomorrow, two years after its construction started. It is equipped with complete machinery imported from China.Covering an area of 114,607 square meters, the factory, which has already started trial production, has the capacity to produce 42,000 tons of glass a year. It also recycles used and...
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May 19, 2009Japan’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...
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May 18, 2009Emirates Glass, [Dubai, U.A.E.] in association with LumiGlass Industries and Saudi American Glass Co., has signed a Dhs20m agreement with Emirates Float Glass to buy 20 percent of EFG's total glass production, reported Gulf News. Under the agreement, EGL and its sister companies will collectively purchase 100,000 square meters of glass from EFG every month, according to a May 18 AME...
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May 13, 2009Vice President Joe Biden, making a renewed pitch for a major change in labor law, told union leaders Tuesday that the best way to rebuild the middle class is to help labor unions grow.Biden said it's time to "level the playing field" for unions by passing a bill that would make it easier for workers to organize."You've got to climb up a hill with so many roadblocks on the way to...
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May 12, 2009Las Vegas businesswoman Weina Zhang says she works all the time not for the money, but to help young girls in her native China.Zhang, chief executive and majority partner in Zetian Systems Inc., [Las Vegas] is a relatively unknown but fast-rising name in the worldwide construction industry. Her company supplies glass panels and other architectural products, mainly from China.Her company has...
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May 12, 2009The Industrial Trade Forum, a blog-based international trade community from ForeignTRADEX announced today the debut of its all new Commercial Glass and Industrial Glass Directory. The company reported the online publication features offerings from American glass fabricating companies and commercial glass manufacturers serving domestic and global markets, according to a May 11 Trans World News...
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May 12, 2009Japanese 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.”
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May 11, 2009Asahi Glass released its consolidated financial results for FY2009 first quarter, Jan. 1 through March 31, 2009, on May 11.Read full release.
What's Hot
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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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