Latest News in Retail Glass
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May 3, 2011Mexican glassmaker Vitro SAB said its net profit grew to $21 million in the first quarter, up from $2 million a year earlier on higher sales and operating profit, according to a May 3 report in The Wall Street Journal.Vitro, which is in the midst of a controversial debt-restructuring, said Monday its sales in the quarter grew 13 percent to $480 million, with flat glass sales up 3...
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May 3, 2011Upon publication, Glass Magazine was informed that this story citing Oldcastle BuildingEnvelope, as initially reported by Bloomberg, was inaccurate.However, court documents have been filed in regards to the sale of Vitro SAB's four U.S. subsidiaries: Vitro America, Super Sky Products, Super Sky International and VVP Finance Corp. According to documents filed in the United States...
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May 3, 2011One-time manufacturer of Milestone Windows, Florida Extruders International Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Florida last week. In court papers, the company said it plans to submit a plan to sell off substantially all its assets to the highest bidder, according to a May 3 Window & Door report.Based in Sanford, Fla., FEI...
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April 29, 2011The U.S. International Trade Commission ruled April 28 that U.S. makers of most aluminum products are being harmed by imports from China, according to a same-day Bloomberg report.The final ruling sets antidumping duties of about 33 percent and countervailing duties for subsidies that will be as much as 374 percent on importers from China. The products, used for construction and incorporated...
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April 28, 2011The National Association of Home Builders' Remodeling Market Index reached its highest level since fourth quarter 2006, posting a score of 46.5 for first quarter 2011, according to an April 28 NAHB release. This news is tempered by the fact that an RMI below 50 indicates that more remodelers report market activity is lower (compared to the prior quarter) than report it is higher.The overall RMI...
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April 28, 2011Asahi Glass Co. President and CEO Kazuhiko Ishimura announced April 27 that production had resumed at the AGC Asahi Glass Kashima plant, which was severely affected by the earthquake in eastern Japan.The restoration of the float glass facility for architectural flat glass has been completed, and suspended production/shipments have resumed, according to the release. "After the resumption of...
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April 6, 2011On April 6, Vitro SAB subsidiaries Vitro America, Super Sky International, Super Sky Products and VVP Finance Corp. filed for relief under Chapter 11 of the U.S. Bankruptcy Code. Officials also announced they had entered into an agreement to sell substantially all of the assets of Vitro America and Super Sky to an affiliate of Grey Mountain Partners, a private equity firm in Boulder, Colo....
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January 10, 2011The Window & Door Dealers Alliance and Window & Door Manufacturers Association have each issued guidance on the new 2011 tax credits for energy-efficient windows, doors and skylights enacted as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.Signed into law December 17, 2010, the legislation establishes a $200 maximum tax credit for windows and...
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October 29, 2010Prices for construction materials priced in the domestic market fell enough to offset rising prices for materials priced in international markets, reported Jim Haughey, chief economist, Reed Construction Data, Norcross, Ga., Oct. 29."There were two significant September price increases for domestically priced materials that were counter to the declining trend for this group of materials," he said...
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October 29, 2010Global Industry Analysts Inc., released a new report titled "Flat Glass: A Global Strategic Business Report." According to the report, global flat glass demand turned towards negative territory in 2008 as the sub-prime crisis engulfed the entire world. The consequent full-blown recession had a deepening impact on the construction and automotive industries that account for about 80 percent of...
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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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