Latest News in Fabrication Glass

  • Officials at Bystronic Glass Group announced the company's German glass technology centers have been renamed. Armatec Vierhaus GmbH is now Bystronic Armatec GmbH, and Lenhardt Maschinenbau GmbH is now Bystronic Lenhardt GmbH, according to a Feb. 2 release. The change will not affect customers, according to the release. All existing contracts will remain the same, and the technology center...
  • 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...
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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...