Latest News in Commercial Glass

  • Officials from Mexican glassmaker Vitro announced a $750 million debt offering to help the company refinance its third-party debt, improving its overall debt capital structure, according to a Jan. 11 company release...

  • Construction costs in the fourth quarter of 2006 increased 2.12 percent over third quarter 2006 and 9.65 percent over fourth quarter 2005, according to the cost index from New York-based Turner Construction Co...
  • Company plans to exit automotive market
    As a result of strong third quarter results, officials from Minneapolis-based Apogee boosted its 2007 earnings outlook to a range of 98 cents to $1.04 per share, up from the earlier guidance of 92 cents to 98 cents per share...
  • Officials from France’s Saint-Gobain announced plans to convert more than 4.3 million “Oceane” bonds into new shares at a ratio of four shares for one bond, according to a Dec. 21 company release...
  • Q&A with Jim Benney
    Work on the National Fenestration Rating Council’s Component Modeling Approach for nonresidential systems is nearing completion, says Jim Benney, executive director of the Silver Spring, Md.-based organization. Read the exclusive e-glass weekly interview with Benney below to learn more about the CMA as well as NFRC’s investigation into an insulating glass certification program...
  • High-performance products to drive demand in 2007
    Even in an environment of high fuel costs, rising material prices, growing overseas competition and a suffering housing market, 2006 proved successful for many U.S. commercial glass companies. And this trend will only continue in 2007, according to predictions from several commercial glass fabricators...
  • The Architecture Billings Index jumped six points in November, reaching the second highest levels of 2006, according to a Dec. 20 release from the American Institute of Architects of Washington, D.C...
  • Officials from Asahi Glass Co., of Japan, cut the company’s 2006 profit forecast by almost half due to rising costs and falling demand, according to a Dec. 21 company release. They revised their previous net income outlook of $643 million to $347 million, a 46.1 percent decrease...
  • The recent downturn in the housing market has forced many glass companies, including AFG Industries Inc. of Kingsport, Tenn., to reorganize and reevaluate their market focus. AFG officials announced in a Dec. 8 release that the company would stop production at the Cinnaminson, N.J., float facility on or before Feb. 5...

  • This past week marked two international investments for Guardian Industries of Auburn Hills, Mich...
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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...