Latest News in Fabrication Glass

  • Officials from China's private equity firm Hony Capital Ltd. said Aug. 3 that the company has invested $100 million in China Yaohua Glass Group Ltd. and secured a 60 percent stake in the Chinese glass maker, in its latest bid to gain access to the integration in China's glass manufacturing industry, according to a same-day Nasdaq report.According to the report, China is...
  • Officials of Diamon-Fusion International, Inc. announced Aug. 2 that the company has partnered with Lisec Corp. to provide glass manufacturers an automated coating system option that combines the DFI Clear-Fusion V coating line with Lisec's hydrophobic automatic coating machine."Extending our hydrophobic coating machinery to include DFI superior protective coatings...
  • Officials of casual dining chain Cracker Barrel Old Country Store Inc., Lebanon, Tenn., said Monday [Aug. 1] that James Bradford, former president and CEO of United Glass Corp., will sit on the company's board of directors.
  • Patriot Glass & Mirror Ltd., a commercial glass company in Schenectady, N.Y., has filed for bankruptcy but remains open, according to a July 29 report in The Business Review.According to the article, revenue for the company dropped in the aftermath of the recession, as construction slowed down. Revenue in 2009 was $10 million, but declined to $7.4 million in 2010, according to court papers."...
  • Officials from Saint-Gobain said the company is confident it will reach its 2011 goals, reporting that net profits rose to EUR768 million ($1.1 billion) for the first half of the year, up 53 percent from the same period last year, according to a July 28 article from the Dow Jones Newswires. Revenue and operating income were also up in the first half. 
  • Vitro SAB, the Mexican glassmaker that defaulted on $1.2 billion in bonds, won approval of a U.S. bankruptcy petition that will focus the fight over its restructuring in a Mexican court, according to a July 21 Bloomberg report.Bondholders wanted to block U.S. recognition of the Mexican proceedings because they object to Vitro's decision to use $1.9 billion of intercompany debt to gain a majority...
  • Arch Aluminum and Glass, ACI Glass Products (formerly Vitro Architectural Products) and United Glass Corp. have combined and re-emerged as Trulite Glass & Aluminum Solutions, according to a July 21 release. The new company--formed through acquisitions made by private investment firm Sun Capital Partners--will continue to service the commercial glazing market through its various...
  • SAGE Electrochromics officials announced July 21 that the company has hired two new senior executives, unveiled a new corporate brand identity and has made significant strides on its new manufacturing plant construction.Andrew Hulse has been appointed vice president of business development and sales, responsible for field operations and inside sales. He comes to SAGE from...
  • PPG Industries reported sales for the second quarter of 2011 of $4.0 billion, an increase of 15 percent versus the prior year's second quarter. Net income for the quarter increased to $340 million versus $272 million in second quarter 2010, according to a July 21 company release."Our strong execution during the quarter enabled us to deliver excellent financial performance, including record...
  • The American Institute of Architects reported the June Architecture Billings Index score was 46.3, almost a full point off the 47.2 score it posted in May, reflecting a continued decrease in demand for design services, according to a July 20 AIA release. On the bright side, the new projects inquiry index was 58.1, up sharply from a mark of 52.6 in May."This seems to be a case of not thinking it...
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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...