Latest News in Fabrication Glass
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October 29, 2012Vitro reported consolidated net sales for flat glass were up 7.9 percent in third quarter 2012 compared to the same period a year ago. Company officials attributed the gain to "strong dynamics in the OEM automotive market and a stable domestic construction market," according to an October 26 release. Vitro exited bankruptcy in Mexico earlier this year after a Mexican judge approved its...
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October 22, 2012JLM Wholesale is opening a new location in Plano, Texas, offering customers in the south central and southwest United States shorter shipping lead times, according to a release.“I am excited to provide quicker shipping to our existing customer base as well as earn new business in the area," said CEO/Owner Annette Baldwin, in the release. "JLM has always tried to keep customer satisfaction as...
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October 22, 2012Tariq Glass Ltd. Pakistan, which has traditionally specialized in container glass, has joined forces with Chinese float glass manufacturer Yaohua Glass to open Pakistan’s largest float glass plant, according to a report in The News International. Located in Lahore, the plant will have a capacity of 550 tons per day, according to the report.
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October 22, 2012Glaston Corp. has entered into exclusive negotiations for the sale of Albat+Wirsam Software GmbH, thereby exiting the software solutions business, according to an October 19 release. Glaston officials expect the transaction to be completed by the end of 2012. “Glaston wants to put more focus on growing and developing its core competences: glass processing machinery and related services,"...
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October 22, 2012Phoenicia Flat Glass' court-appointed trustee will submit an offer from Fortissimo, October 23, to buy the company from Guardian Industries Inc. for NIS 170 million (about $44 million) and to implement a strategic restructuring of the troubled company, according to a recent Globes article. Fortissimo is an Israeli private equity investment group.According to the article,...
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October 18, 2012Pilkington officials at the Laurinburg, N.C., plant may have delayed a decision to lay off 75 people, instead opting to add 50 temporary positions at the plant in response to increased volume, according to an October 18 report in The Laurinburg Exchange. According to the report, plant officials sent the news outlet what appeared to be an announcement postponing a July decision to idle a...
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October 18, 2012Vitro SAB posted its biggest decline in more than three years, erasing earlier gains that followed the Mexican government’s call for a U.S. appeals court to enforce the glassmaker’s reorganization in the United States, according to an October 17 Bloomberg Businessweek report.The Mexican government filed papers this week urging the appeals court to reverse an earlier court decision and enforce the...
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October 18, 2012PPG Industries reported third quarter 2012 net sales of $3.8 billion and net income for the quarter of $339 million. Despite the record third-quarter earnings per share, however, glass segment sales were down $11 million from the prior year, at $262 million for the quarter. Higher flat glass volumes were offset by lower pricing and the negative impact of foreign currency translation, according to...
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October 18, 2012Grey Mountain Partners has acquired the assets of North American Specialty Glass out of Chapter 7 bankruptcy. Headquartered in Trumbauersville, Pa., NASG is a producer of safety and security glass, specializing in high-performance transparency systems for transportation, architectural, military and other specialty end-use applications, as well the development of glass and polycarbonate laminate...
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October 17, 2012PPG Industries announced it has reached a definitive agreement to acquire certain assets of Spraylat Corp., a privately-owned company that specializes in industrial liquid and powder coatings that are applied to metal, glass and plastic substrates. The transaction is expected to close in late 2012 subject to regulatory approval and customary closing conditions, according to a PPG release. ...
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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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