Latest News in Fabrication

  • Vitro S.A.B. de C.V., Mexico, announced today that has reached stay agreements with Credit Suisse, Calyon, Merrill Lynch, Barclays and Citibank, counterparties of derivative financial instruments, according to a March 17 company release.In accordance with these stipulations, the parties have agreed to a continuance of the deadline for the filling of Vitro’s initial responsive pledging in...
  • On March 3, 2009, Glaston Finland Oy initiated negotiations in accordance with the Act on Co-operation within Undertakings on adjusting the operations of its Heat Treatment business area to the prevailing market situation. The negotiations have concluded, and Glaston Finland will temporarily lay off 200 employees from its entire workforce, excluding service business, for on average...
  • U.S. industrial production fell for the fourth month running in February, dropping by 1.4 percent on weak factory and manufacturing output as global demand has continued to erode.The monthly decline was slightly worse than expected and was driven lower by warmer temperatures across the U.S., which slowed the output of utilities. Industrial output was off by 11.2 percent compared with the same...
  • Countries buying Chinese goods should be held responsible for the heat-trapping gases released during manufacturing in China, one of its top officials said Monday.The argument could place an even greater burden on the U.S. for reducing pollution blamed for global warming.Li Gao, China's chief climate negotiator, said that any fair international agreement to curb the gases blamed for global...
  • Aluminum producer Alcoa [parent company of Kawneer NA, Norcross, Ga.] said Monday it plans to slash its quarterly dividend by 82 percent and sell $1.1 billion worth of shares to bulk up its cash cushion amid the recession.The Pittsburgh-based company also said it plans to cut costs by more than $2.4 billion annually by 2010. Alcoa said its actions will reduce capital spending by an...
  • A few words included in one paragraph of the federal government’s massive stimulus package could spell lost business for AGC Flat Glass — unless Northeast Tennessee’s congressman is successful in his bid to amend the law.U.S. Rep. Phil Roe, R-1st District, plans to introduce a bill that would strike a paragraph from the tax credit section of the stimulus plan.The stimulus...
  • Prime Minister Nikola Gruevski and CEO of Turkish company 'Sisecam' Ahmet Kirman, President of the Turkish Sisecam Group Dogan Arikan signed Friday in Skopje [Republic of Macedonia] a memo of understanding on building of a factory for glass production in the free trade zone 'Bunardzik'. The construction of this factory, an investment of Euro 45 million [$58,201,200], will kick off in 2010,...
  • William Davidson, owner and CEO, Guardian Industries, Auburn Hills, Mich., died March 13. Davidson, 86, died at his home in Bloomfield Hills, Mich., according to a company release.Read more. 
  • The business units for glass containers and flat glass of Vitro S.A.B. de C.V., México,  and its subsidiary Clinica Vitro (the Vitro Clinic) and its corporate offices received the certification of being a Socially Responsible Company (ESR 2009) for the second consecutive year, according to a March 12 company release. The Mexican Philanthropic Center, A.C. (CEMEFI) awards the...
  • Advanced Solar Photonics LLC, a laser technology provider for solar panel makers, will build the first solar panel module plant in Florida, creating up to 200 new jobs.The $40 million-plus project includes a 100,000-square-foot buildout of Advanced Solar’s 318,000-square-foot Lake Mary headquarters factory off Rinehart Road, according to a March 13 Orlando Business Journal report.
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What's Hot

  • AGC Glass Company North America, a leading manufacturer of glass and glass-related products, announced Dec. 30 the sale of the assets of its U.S. Commercial Fabrication business unit to Trulite Glass Solutions LLC.AGC holds a leading position in primary products, and will continue to focus on the core strength of the business in manufacturing glass and innovating new coating technologies. In...
  • Officials from Trulite Glass & Aluminum Solutions LLC today announced the company has acquired the U.S. commercial fabrication assets of AGC Glass Company North America Inc. AGC’s residential assets are not part of the acquisition and will be retained by AGC. Financial terms of the private transaction were not disclosed. “This acquisition will allow Trulite to continue to better serve...
  • 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...