Capitalize on market growth at GlassBuild America
June 29, 2015
Higher demand doesn’t automatically translate to higher profits. As the construction market continues to ramp up, glass companies need to ensure they are prepared to take advantage of growth and aren’t overrun by it, industry officials say. To capitalize on growth, companies should consider investing in new tools and equipment, fostering and maintaining partnerships with their suppliers and...
A closer look at Consolidated Glass Holdings
March 31, 2015
If you said Consolidated Glass Holdings was an investment arm of private equity firm Grey Mountain Partners, you’d be right. If you said its leadership team consisted of newcomers to the glass industry, you’d be right. But if you said CGH is a rookie in the glass and metal fabrication world, that’s where you’d be wrong. Behind the financial backing of GMP and the leadership of CEO Paul Cody and...
January 30, 2015
As with float glass, capacity for fabricated glass and aluminum products also downsized during the Great Recession. However, capacity in those arenas can be brought online much faster and for a much lower cost than for that of a primary float glass plant, sources say. In the past year, numerous glass fabricators have announced expansions, including Viracon’s relaunch of operations at its St....
Glass companies celebrate the busiest year since before the recession, while preparing for the challenges of higher demand
January 30, 2015
The North American glass industry—first mired in the Recession and then in the construction market’s unsteady, sluggish recovery—is at last headed for a year of significant growth. U.S. employment has rebounded, confidence is high, and commercial construction is headed for double-digit growth, according to forecasts. “For the first time in 10 years or more, all of the economic segments [affecting...
Is your company planning to increase its workforce in 2014? And if so, do you have a recruitment plan in place?
April 1, 2014
CommercialAdam Holmes, general manager, AMG Architectural Glass and Glazing“MG McGrath and AMG Architectural Glass have already expanded their workforces in 2014 and will continue to do so, as we continue to be awarded more projects. Recently, MG McGrath and AMG Architectural Glass and Glazing were awarded their biggest contracts. As we continue to take on more projects with larger scopes of work...
What Changes Do You Expect for the Industry in 2014?
February 5, 2014
CommercialChip Olson, national sales, Quattrolifts "More and more of the companies I visit are talking about ways they can become more efficient. These companies feel strongly that becoming more productive with the personnel they have will play a key role in helping them succeed in 2014. Many companies over the last few years have reduced their office staff and field personnel to survive the...
February 3, 2014
The global float glass industry at the start of 2014 is one much changed from 10 years ago. During the worldwide recession and its aftermath, production capacity plummeted as manufacturers shuttered glass plants and idled float lines. The industry consolidated, and investments in areas like solar glass led to deep losses. However, while mature markets suffered, emerging markets began to...
How would you describe current business conditions? What are your expectations for 2014?
October 31, 2013
Exhibitors weigh in from GlassBuild America 2013: The Glass, Window & Door ExpoCommercial“We’re adding to our impact-resistant product lines for Gulf Coast and Atlantic Coast areas. They’re products we’ve had for some time, but not with these ratings, so we’re doing a lot of testing and product development. We’re also [developing] high-performance thermal products [to help] meet the new...
How to value your glass business
March 22, 2013
Independent of the economic environment, operators and shareholders of glass companies―from retailers to distributors, and contract glaziers to fabricators―need to think about value-creating strategies to manage through the business cycles and grow. Let’s start with how to think about valuation. The ﬁrst step in valuation is determining what you are valuing and why. Are you valuing the equity or...
August 6, 2012
With more customers facing financial problems than in the past, diligently managing collections is a necessity.