Latest News in Retail Glass

  • Zhangzhou Qibin Glass Co., (Qibin Glass) started operating its float glass production line in Zhangzhou City, Fujian Province, on Feb. 10, 2009.The production line is able to melt 900 tons of glass per day, providing products widely used in construction, furniture, automobile and optic instrument, according to the Zhangzhou glassmaker, according to a Feb. 11 SinoCast report.
  • Compagnie de Saint-Gobain, one of the world's largest producers of glass for the construction and automobile industries, Friday said it would sell around €1.5 billion ($1.91 billion) in new shares to bolster its capital amid the deepening global economic crisis.Saint-Gobain stock plunged on the news and and in midmorning trading in Paris was down 15.7 percent at €23.59, it's lowest...
  • The GPD Conference has released the final program for the top glass summit to be held on June 12-15, according to a Feb. 19 GPD release. As before, the versatile, modular agenda offers the latest information and visions of the glass world in a condensed executive format. Top political, solar and glass industry executives will present in the opening ceremony June 12.The contents of the program...
  • On Feb. 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009 (HR 1). The Act includes a total of $787.2 billion in spending and tax cuts, including $308 billion in appropriated spending, $269 million in direct spending (refundable portion of tax credits, Unemployment assistance, Medicaid reimbursement to states, etc) and $211 billion in tax cuts.
  • To hear Collegeville [Pa.] builder Gustavo Perea tell it, the prospect is frightening.Some ambitious union organizer would take his carpenters out to a bar, buy them a couple of beers, get them to sign some union cards, and the next thing Perea knows, he'd wake up in the morning with a union shop.That's how he imagines the future if the federal Employee Free Choice Act is passed--a proposed law...
  • Manufacturing in New York contracted in February at the fastest pace on record, signaling the recession that began over a year ago is intensifying.The Federal Reserve Bank of New York’s general economic index fell to minus 34.7, the lowest level since records began in 2001, from minus 22.2 percent in January, the bank said today. Readings below zero for the Empire State index signal...
  • The glass industry, as we know, it will be no more in just a few years, Russell J. Ebeid, president, Glass Group, Guardian Industries Corp., Auburn Hills, Mich., told a group of more than 500 during the Building Envelope Contractors Conference in Las Vegas.

  • Technology-driven products top the product trends for window and glass companies, said Michael E. Collins, a senior associate with Jordan, Knauff & Co., Chicago, Feb. 15 during a presentation at GlassWeek in Las Vegas.

  • The U.S. economy went into recession in December 2007, after six years of growth. While glass and fenestration companies face challenges and belt tightening in the tougher times, the recession isn’t all bad news for the industry, said Michael E. Collins, a senior associate with Jordan, Knauff & Co., an investment banking firm in Chicago. “The industry is a lot leaner, a lot meaner, and a lot more efficient,” Collins said. “It will be better for the industry, long term.”

  • A federal court has refused to dismiss from multidistrict litigation a class action accusing the six largest U.S. flat glass manufacturers of price-fixing through a combination of energy surcharges and price increases, according to a Feb. 11 Law360 article.In an order signed Wednesday in the U.S. District Court for the Western District of Pennsylvania, Judge Donetta W. Ambrose denied the six...
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What's Hot

  • Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the United States, acquired GED Integrated Solutions Inc., according to a June 11 announcement. The acquisition will support GED’s continued growth, according to the release. The financial terms of the investment were not disclosed.“We are very excited to now be partnering with Altus Capital Partners as...
  • Officials from Tennessee’s Heritage Glass temporarily suspended operations on May 27, according to a company release, as reported by News Channel 11 in Johnson City, Tennessee. Executives say they are exploring a “potential reinvestment and reorganization situation” for the company.Heritage Glass was formed last year when the company purchased the former AGC North America Blue Ridge glass...
  • Last week, officials from Ontario, Canada-based State Window Corp. announced the launch of Integro Building Systems, a significant new entry in the North American curtain wall construction sector, according to a May 5 company release.A company incorporated in Canada, Integro is a partnership among State and a number of notable construction industry leaders. Integro will design, manufacture, and...