Latest News in Retail Glass
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December 18, 2008Value-added glass solutions provider Apogee Enterprises Inc. reported a rise in the third-quarter net earnings from the year-ago period primarily due to higher revenues. The company also reaffirmed its fiscal 2009 earnings per share view. The Minneapolis, Minnesota-based company reported a rise in third-quarter net earnings to $17.65 million, or $0.63 per share, from $11.0 million, or $0.38 per...
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December 17, 2008In Toledo, once the glass-making capital of the country, most of the city's output over the years has gone into making everything from windshields to windows for cars and buildings.But as the auto and construction industries have declined, so too, has Toledo's manufacturing sector.For Glen Eason, a manufacturing worker, supplying the auto industry meant waiting for the ax to fall."I've been...
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December 17, 2008Nippon Sheet Glass Co., Asia’s second-largest glassmaker, fell in Tokyo trading after the global recession prompted UBS AG to cut its rating.Shares in Nippon Sheet declined for a second day, dropping 5.7 percent to close at 296 yen [$3.27] on the Tokyo Stock Exchange, while the benchmark Topix index gained 1.2 percent. UBS cut its rating on the stock to “sell” from “...
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December 16, 2008The Producer Price Index for finished goods dropped 2.9 percent before seasonal adjustment (-2.2 percent, seasonally adjusted) in November, and rose only 0.4 percent from November 2007, the Bureau of Labor Statistics reported on Friday. The PPI for inputs to construction industries fell 3.2 percent for the month but was 4.9 percent higher than in November 2007. The segment...
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December 16, 2008Japan's major glass maker, Nippon Sheet Glass Co., said on Tuesday its British unit, Pilkington, would appeal a 370 million euro cartel penalty imposed by the European Commission.Nippon Sheet Glass, which makes sheet glass for cars and buildings, said in a statement it would keep unchanged its earnings guidance for this year, which allows for the penalty, as it expected any court decision on the...
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December 15, 2008Riots in Greece leave hundreds of businesses cleaning up heavy damage, but, one business remains booming.Glaziers.They're on-call 24 hours a day, barely able to keep up with the demand for replacing windows, according to a Dec. 14 keyc.com report.
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December 15, 2008Marv Degerness is the glass doctor. He fixes your panes. That’s the marketing slogan for his business, Harmon Glass Doctor, which has stores at 1100 2nd Ave. S., Moorhead, 1220 23rd St. S., Fargo, and in Grand Forks, N.D.Each store has three employees.The Fargo-Moorhead franchise was named the 2008 Small Business of the Year by the Chamber of Commerce of Fargo Moorhead, according to a...
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December 15, 2008Boston is striving to become a leader in green building. But glass siding and atriums, common features of green architecture, carry an unintended side-effect: a mortal danger to birds.An estimated 5 percent of the country's bird population--or about a billion birds--die each year by crashing into buildings they cannot see, according to Daniel Klem, an ornithologist at Muhlenberg College in...
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December 12, 2008While tinted windows on your car might look cool - and help keep you cool - tinting the windows of your home is an entirely different matter.But a Midlothian [Chicago] company that franchises automotive repair and accessories shops was getting requests from customers to do just that.The result is an entirely new franchise that has nothing to do with Moran Industries Inc.'s core business.
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December 12, 2008China's stock market fell sharply on Friday as auto-related shares slid in response to the apparent failure to get a bailout bill for the U.S. auto industry through Congress.The market had already been weak because of poor Chinese economic data in the past few days, and the auto news sent the Shanghai Composite Index down as much as 3.06 percent to 1,969.492 points in the early afternoon.Fuyao...
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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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