Latest News in Fabrication

  • 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...
  • The new Sealant Manual 2008 of the Glass Association of North America, Topeka, Kan., is now available for sale, according to a Jan. 27 GANA release. The manual, an update to 1990’s Flat Glass Marketing Association Sealant Manual, represents dramatic changes in glass sealant technologies over the past 18 years. A committee comprising industry experts and chaired by Ellen Zerucha of...
  • AGC Flat Glass North America is halting production at its West Virginia glass factory, idling 180 of the plant’s 240 employees indefinitely due to slow business conditions.Meanwhile, AGC’s top official says he’s hopeful about the future of the company’s Kingsport [Tenn.] and Church Hill [Tenn.] operations.Contacted at corporate headquarters in Alpharetta, Ga., AGC Chief...
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What's Hot

  • The Dwyer Group Inc., parent company of numerous service-based franchise brands including Glass Doctor, today announced it has been acquired for the second time by The Riverside Company, a private equity fund with locations in North America, Europe and Asia. The deal with the global investment firm renews a collaboration between two growing and successful organizations, according to company...
  • C.R. Laurence Co. announced the September opening of a new 150,000-square-foot CRL-U.S. Aluminum Super Center in Secaucus, N.J., located less than a mile from the company’s previous New York Tri-State area site. The Super Center more than doubles the supplier's footprint in the region, and furthers the company’s North American expansion, targeting the East Coast.The Super Center will include CRL'...
  • Glaston acquired the industrial property rights to all Glassrobots Oy products, following Glassrobots’ July 11 bankruptcy filing in the Pirkanmaa District Court in Finland. As a result of the deal, concluded on Aug. 8, the industrial property rights and related documentation of Finnish glass processing machine manufacturer Glassrobots Oy’s flat tempering and bending machines, its automotive...