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

  • PPG Industries today announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Ill., glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were not disclosed.The Mt. Zion facility currently manufactures...
  • Officials from Cardinal Glass Industries announced July 3 that its subsidiary Cardinal CT Company acquired the assets of Catalina Tempering Inc. and its subsidiaries. The terms of the agreement are undisclosed.Catalina operates seven regional custom tempering facilities serving the residential window and door market. “Over the last ten years, Catalina has built its business based on quality...
  • AGC Glass Company North America announced it will be consolidating its fabrication capabilities in Jacksonville, Fla., into the company’s more than 200,000 square foot facility in Lithia Springs, Ga. The consolidation of the Jacksonville operations into Lithia Springs should be completed no later than the fourth quarter of 2014.The Lithia Springs plant is AGC’s new state-of-the-art facility and...