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

  • 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...