Latest News in Fabrication

  • With the acquisition of Pilkington in June 2006, Nippon Sheet Glass tripled in size and instantly became one of the world's biggest makers of window glass and windshields. The company has manufacturing operations in 29 countries, sales offices in 130 countries and more than 30,000 employees.When he was named chief executive of the group in June 2008, Stuart Chambers was tasked with...
  • Nonfarm payroll employment continued to decline sharply in March (-663,000, seasonally adjusted), bringing the 12-month decline to 4.8 million (-3.5 percent), the Bureau of Labor Statistics reported on Friday. The unemployment rate rose to 9 percent, not seasonally adjusted (8.5 percent, seasonally adjusted), from 5.2 percent a year ago. Construction remained in the vanguard, with job losses of...
  • According to the Associated General Contractors of America it is growing more likely that real (inflation-adjusted) gross domestic product will rise slightly in the quarter that began on April 1 from the dismal levels of the first quarter. The growth is likely to pick up gradually through the rest of the year. But it will be very uneven, unlike the downturn, which affected all sectors.Tax...
  • Deborah VanAmerongen, Commissioner of the NYS Division of Housing and Community Renewal today announced a $515,000 in NYS Community Development Block Grant award to the Town of Manchester in Ontario County to help Rochester Insulated Glass Inc. expand and create 40 jobs, 30 of which will be available to low and moderate-income workers.RIG produces insulated, tempered, laminated and heat-...
  • PPG Industries Inc. will not be manufacturing glass for One World Trade Center in its South Middleton Township plant after the bid for the project was awarded to China's Beijing Glass.Portions of the building formerly known as the Freedom Tower, which will replace the Twin Towers in New York destroyed in the 9/11 terrorist attacks, will be manufactured in China. PPG, based in Pittsburgh, bid this...
  • Vitro S.A.B. de C.V., Mexico’s largest glass manufacturer, announced today that it has successfully completed the refinancing of its two-tranche trade receivables securitization for two of its wholly owned subsidiaries, according to an April 1 company release.The senior tranche is a $550 million peso variable rate investment grade bond. The senior tranche is funded by Ixe Banco, Instituci...
  • The final program for GPD China 2009 has now been released, according to an April 2 Glass Performance Days release. Download the English version or the Chinese version.GPD China conference is held annually in China, alternating between Beijing and Shanghai. It brings together industry experts and decision makers from China and the rest of the world. This year, it will be held in Shanghai, May 11-...
  • Unemployment rates rose and nonfarm payroll employment in February fell in the District of Columbia and all states except Louisiana, the Bureau of Labor Statistics reported today. Compared to a year earlier, every state had higher unemployment rates and all had lower employment except Wyoming, +1.6 percent; D.C., +1.4 percent; Alaska, +0.9 percent; La., +0.3 percent; and North Dakota, +0.2...
  • A Chinese firm will manufacture one of the most important security-sensitive parts of the tower at One World Trade Center. Eyewitness News has learned that several American companies lost out in a bid to make the blast-resistant glass for the building's base. Instead, the safety-critical panels will be made in China.It's not just a matter of jobs going overseas while America struggles through a...
  • Mexican glass maker Vitro SAB Tuesday reported a net loss of $343 million for the fourth quarter of 2008 as sales fell and financial costs increased on derivatives losses and a weaker peso.In a press release, Vitro said the net loss compared with a profit of $48 million in the fourth quarter of 2007.Financial costs increased to $446 million from $23 million on losses associated with natural gas...
Page 356 of 394
 << First | < Previous 354 | 355 | 356 357 | 358 Next > | Last >> 

What's Hot

  • Officials from Saint-Gobain announced it acquired a controlling interest in Sika for $2.8 billion. Saint-Gobain purchased the controlling share—16.1 percent of Sika’s capital and 52.4 percent of its voting rights— in a confidential auction process from the Burkard-Schenker family, which owns the majority stake in Sika, according to a Dec. 8 Reuters report.“Given the proximity of Sika’s activities...
  • Trulite Glass & Aluminum Solutions LLC has finalized its acquisition of Houston-based Texas Tempered Glass Inc., a producer of high performance glass products for architectural, industrial, commercial and custom applications, as of Nov. 19, 2014. Financial terms of the private transaction were not disclosed.With the completion of this transaction, Trulite will expand its presence in the Texas...
  • Things are looking up for the worldwide glass industry, as an optimistic outlook and overall mood permeated the show floor during glasstec 2014, held Oct. 21-24 in Düsseldorf, Germany. Following glasstec 2012, a successful event in the face of economic uncertainty, glasstec 2014 indicated positive market developments after several years of a sluggish North American and worldwide economy....