Latest News in Retail Glass
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August 26, 2011Quanex Building Products Corp. released fiscal 2011 third quarter results for the period ending July 31, 2011. Net sales were $252.4 million, 12 percent higher than a year ago, due primarily to the acquisition of Edgetech, according to an Aug. 25 MarketWatch release.The company's Engineered Products Group--focused on providing window and door OEMs with fenestration components, products, and...
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August 25, 2011John Frey, an industry veteran with 47 years of experience solving storefront and curtain wall design challenges, will continue on in the industry as chief design engineer for U.S. Aluminum, a division of C.R. Laurence, according to an Aug. 24 release."We are delighted to have John on board with his top-notch design capabilities and deep experience. Prior to joining USAL earlier this year, John...
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August 17, 2011The Architecture Billings Index fell by more than a point in July, posting a score of 45.1 compared to 46.3 the previous month: the steepest decline in billings since February 2010, according to an Aug. 17 release from the American Institute of Architects. The score reflects a continued decrease in demand for design services; any score above 50 indicates an increase in billings."Business...
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August 10, 2011Bekaert and Saint-Gobain signed an agreement Aug. 10 regarding the sale of Bekaert's Specialty Films business to Saint-Gobain Performance Plastics Corp., an Ohio-based corporation of the Saint-Gobain group. The transaction covers the production facilities in San Diego; Zulte, Belgium; and Suzhou, China; the operations under development in China; and all sales and service centers...
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August 10, 2011Officials of PCT Global announced Aug. 10 that EnduroShield has been awarded certification from Germany's TÜV Rheinland, a leading global independent test provider, for durability and easy-to-clean functionality. The durability test simulated a 10-year lifetime on interior and exterior applications, according to a company release."The TÜV certification is an important achievement for...
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August 5, 2011Construction spending edged up 0.2 percent in June as increases in private nonresidential construction outweighed continuing declines in private residential and public construction spending, the Associated General Contractors of America reported Aug. 1 in an analysis of new Census Bureau data. The construction trade association's chief economist, Ken Simonson, predicted further...
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August 1, 2011Patriot 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."...
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July 28, 2011Officials 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.
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July 26, 2011Graham Partners, a private investment firm, has acquired Chelsea Building Products from the Tessenderlo Group. Chelsea, based in Oakmont, Pa., designs and extrudes vinyl window and door profiles. Terms of the transaction were not disclosed, according to a July 25 Window & Door report.Based in Newtown Square, Pa., Graham Partners manages approximately $1.5 billion in investments, focusing on...
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July 22, 2011Vitro 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...
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Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
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Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
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As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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