Latest News in Commercial Glass

  • Every day in recent weeks, federal and state agencies have announced new projects funded by the American Recovery and Reinvestment Act, the "stimulus" bill. The variety, speed and totals are impressive, given that the bill was signed less than three months ago.Unfortunately, stimulus funding is not enough to offset the continuing sharp downturn in private and state/local-funded...
  • Measures of U.S. manufacturing and consumer confidence last month unexpectedly jumped to their highest levels since the credit crisis intensified in September, indicating the economy is on the mend.The Institute for Supply Management’s factory index rose to 40.1 from 36.3 in March; readings less than 50 signal a contraction. The Reuters/University of Michigan final index of consumer...
  • Nonresidential to see moderating decline during rest of 2009Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction, New York, said construction starts will continue to decline through the remainder of 2009, but at a slowing rate. Murray spoke during the presentation, The Construction Outlook: Implications for Architecture Firms, May 1 at the American Institute of...
  • State unemployment rates were nearly all higher in March, the Bureau of Labor Statistics reported on April 17, as 46 states recorded over-the-month unemployment rate increases, North Dakota and the District of Columbia registered decreases, and Georgia, New York and Rhode Island had no change. Over the year, jobless rates were up everywhere, according to an April 29 report from the Associated...
  • Real (net of inflation) gross domestic product tumbled 6.1 percent in the first quarter at a seasonally adjusted annual rate, following a 6.3 percent decline in the fourth quarter of 2008, the Bureau of Economic Analysis reported today. Real investment in "nonresidential structures decreased 44 percent, compared with a decrease of 9.4 percent. ... Real residential fixed investment...
  • "New construction starts increased 5 percent in March," seasonally adjusted, McGraw-Hill Construction reported today, based on its own data compilation. However, for the first quarter of 2009 compared to the same months of 2008, total starts tumbled 40 percent. "The improved level of contracting relative to February was due to a strong increase for public works construction,...
  • The 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...
  • The 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...
  • The 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...
  • The 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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What's Hot

  • Officials from Saint-Gobain announced it acquired a controlling interest in Sika for $2.8 billion. Saint-Gobain purchased the controlling share—16.1 percent of Sika’s capital and 52.4 percent of its voting rights— in a confidential auction process from the Burkard-Schenker family, which owns the majority stake in Sika, according to a Dec. 8 Reuters report.“Given the proximity of Sika’s activities...
  • Trulite Glass & Aluminum Solutions LLC has finalized its acquisition of Houston-based Texas Tempered Glass Inc., a producer of high performance glass products for architectural, industrial, commercial and custom applications, as of Nov. 19, 2014. Financial terms of the private transaction were not disclosed.With the completion of this transaction, Trulite will expand its presence in the Texas...
  • Things are looking up for the worldwide glass industry, as an optimistic outlook and overall mood permeated the show floor during glasstec 2014, held Oct. 21-24 in Düsseldorf, Germany. Following glasstec 2012, a successful event in the face of economic uncertainty, glasstec 2014 indicated positive market developments after several years of a sluggish North American and worldwide economy....