Latest News in Fabrication Glass

  • Add sustainability to the list of matters discussed by political and business leaders at the World Economic Forum, which announced that $515 billion, as well as government action and regulation is needed annually for "green" investments to avoid a disastrous carbon emissions level.The announcement came in the report "Green Investing: Towards a Clean Energy Infrastructure"...
  • Bulgaria's MPs are to abandon the current National Assembly to relocate to the former Bulgarian Communist Party headquarters, commonly known as the Party House, where they will host their plenary sessions in a large glass hall. Plans are for the move to happen in the next two to three years.Gradski Daily reported that Belgian technical director of the Flemish parliament, Kurt de Vriend, said that...
  • The $497 million needed to construct the long-delayed Fulton Street Transit Center will be paid entirely through President Obama's economic stimulus package, MTA officials said today.The project calls for a 12-subway hub with an above-ground, glass-covered pavilion to replace the current maze of loosely-linked stations.The original designs of the above-ground glass structure called for an oculus...
  •  Vitro SAB, Mexico’s largest glassmaker, said it will miss $44.8 million in interest payments due next week on $1 billion of bonds to preserve cash to run its operations.Four counterparties to Vitro’s derivative investments provided notice of default, the company said in a statement to the Securities and Exchange Commission today, prompting Vitro to announce it will skip the two...
  • During a Jan. 27 Webinar, two leading construction economists answered the question, “Have we hit bottom?” Jim Haughey, chief economist for Reed Construction Data, forecasted the U.S. economy will hit bottom in late summer or early fall of 2009.

  • Japan's Nippon Sheet Glass said on Thursday it would cut 5,800 employees, or about 15 percent of its global work force, by March 2010.Read a company release on revised forecast for FY2009.
  • A crisis of confidence has struck chief executives round the world, according to a survey presented in Davos that captures the chastened mood and changed priorities of business on the eve of one of the most anticipated gatherings of the World Economic Forum.Just 21 percent of the 1,100 executives interviewed by PwC across 50 countries were very confident that their revenues would increase this...
  • The Glass Association of North America, Topeka, Kan., elected Tracy Rogers, technical director, Edgetech IG, Cambridge, Ohio, as chair of its Insulating Division, according to a Jan. 28 GANA release. The division comprises insulating glass unit manufacturers and suppliers.Rogers brings more than two decades of experience and knowledge of the fenestration industry to the position. While...
  • Chemical maker DuPont Co. reported a $629 million loss for the fourth-quarter Tuesday due to lower sales and a hefty restructuring charge, and cut its earnings forecast for 2009.The Wilmington-based company said its loss for the quarter amounted to 70 cents per share, compared with a profit of $545 million, or 60 cents per share, a year ago. Excluding a charge of $380 million, or 42 cents per...
  • PPG Industries Inc. [Pittsburgh] may cut as many as 4,500 employees later this year due to the worldwide economic downturn, particularly weak global demand from automakers and home builders, CEO Charles E. Bunch told Bloomberg News today.PPG announced last September that it would eliminate about 1,000 jobs under a restructuring plan, and now is considering boosting the cuts to about 4,500...
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What's Hot

  • John Swanson, editor and associate publisher of Window & Door, passed away on Sunday, January 19, 2014, in Manhattan. He was 52 years old.John started his publishing career at Ashlee Publishing in New York City in 1984. He was founding editor of fenestration, launched in 1987, the first North American magazine specifically targeting the residential window and door market. There he...
  • BairdThomsenKevin Baird has been named president of the Global Flat Glass Group for Guardian Industries Corp., and will assume full profit and loss responsibility of the business unit, according to a Jan. 10 announcement from the company. Baird replaces Scott Thomsen, who resigned for health reasons.Most recently, Baird has been president and CEO of SRG Global Inc., a Guardian company. SRG...
  • Apogee Enterprises, Inc. has acquired Alumicor Ltd., the Toronto-based fabricator of aluminum frames for window, storefront, entrance and curtain-wall products for the Canadian commercial construction market. The transaction is valued at approximately $52 million.Alumicor will be the seventh stand-alone business in the Apogee portfolio. Apogee is also parent company of Viracon, Harmon,...