Latest News in Retail Glass
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April 14, 2009The value of nonresidential building starts plunged 23 percent in March, while civil works starts jumped 15 percent, Reed Construction Data reported [April 9], based on data it compiled. Comparing the first quarters of 2009 and 2008, building starts fell 8 percent in value but 18 percent in square footage. The value of the largest building category, schools/colleges, was unchanged, but...
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April 13, 2009The fight over a stalled bill that would make it easier for unions to organize workers is entering a new round, with the nation's largest business association and big labor unions gearing up competing efforts to sway a small group of senators.The U.S. Chamber of Commerce is launching a $1 million television advertising campaign that takes a new line of attack against the Employee Free Choice Act...
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April 13, 2009The aluminum industry has been hit hard by the global economic crisis with sharp falls in sales across the automotive, construction and aerospace industries.Prices have crashed, with the benchmark London Metal Exchange three-month contract dropping 62.2 percent, from a record $3,375 a ton in July of 2008 to a seven-year low of $1,275 in late February.However, a recovery has emerged in recent...
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April 6, 2009The total output of flat glass in January and February was 85.37 million weight cases, dropped by 7.1 percent year-on-year; the output of float glass was 69.94 million weight cases, down 7 percent.In January and February, 42 scaled flat glassmakers shut down, which reduced the annual capacity at about 100 million weight cases. 9 float glass companies closed up and 42 companies lowered the...
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April 6, 2009Nonfarm payroll employment continued to decline sharply in March (-663,000, seasonally adjusted), bringing the 12-month decline to 4.8 million (-3.5 percent), the Bureau of Labor Statistics reported on Friday. The unemployment rate rose to 9 percent, not seasonally adjusted (8.5 percent, seasonally adjusted), from 5.2 percent a year ago. Construction remained in the vanguard, with job losses of...
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April 3, 2009According to the Associated General Contractors of America it is growing more likely that real (inflation-adjusted) gross domestic product will rise slightly in the quarter that began on April 1 from the dismal levels of the first quarter. The growth is likely to pick up gradually through the rest of the year. But it will be very uneven, unlike the downturn, which affected all sectors.Tax...
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April 2, 2009Unemployment rates rose and nonfarm payroll employment in February fell in the District of Columbia and all states except Louisiana, the Bureau of Labor Statistics reported today. Compared to a year earlier, every state had higher unemployment rates and all had lower employment except Wyoming, +1.6 percent; D.C., +1.4 percent; Alaska, +0.9 percent; La., +0.3 percent; and North Dakota, +0.2...
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March 31, 2009A few words included in one paragraph of the federal government’s massive stimulus package could spell lost business for glass makers, including Scotland County's [N.C.] Pilkington. The stimulus legislation gives homeowners making energy-efficient improvements a tax credit of 30 percent of the cost of the project, up to a total of $1,500.But, the stimulus legislation passed by...
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March 23, 2009The decline in crude oil prices gets all the headlines, but the first globalized natural gas glut in history is driving an even more drastic collapse in the cost of gas that cooks food, heats homes and runs factories in the United States and many other countries.Six giant plants capable of cooling and liquefying gas for export are due to come on line this year just as the economies of the Asian...
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March 23, 2009The U.S. jobs sector hit hardest by the recession, construction, may not reach bottom until sometime next year.With one in five U.S. construction workers out of a job, prospects for the sector remain dim amid ongoing cuts in construction spending, a decline in nonresidential projects, and concerns that government stimulus will take months to have any measurable effect, industry experts say,...
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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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