Latest News

  • Officials from Asahi Glass Co., of Japan, cut the company’s 2006 profit forecast by almost half due to rising costs and falling demand, according to a Dec. 21 company release. They revised their previous net income outlook of $643 million to $347 million, a 46.1 percent decrease...
  • The recent downturn in the housing market has forced many glass companies, including AFG Industries Inc. of Kingsport, Tenn., to reorganize and reevaluate their market focus. AFG officials announced in a Dec. 8 release that the company would stop production at the Cinnaminson, N.J., float facility on or before Feb. 5...

  • This past week marked two international investments for Guardian Industries of Auburn Hills, Mich...
  • Energy efficiency takes center stage at India glass show
    Day one seminars at the 4th International Glass Technology Seminar & Trade Show in India reflected a popular trend in the U.S. glazing industry: green architecture...
  • AFG Glass of Kingsport, Tenn., will cease production at its Cinnaminson, N.J., float plant on or before Feb. 5 due to the slipping housing market, company president and chief executive officer Brad Kitterman announced in a Dec. 8 release...
  • Demand could drive costs up in 2007
    Cash prices for aluminum experienced major fluctuations in 2006, with the lowest price of $2,271 per ton recorded on Jan. 1 and the highest price of $3,275, a 44 percent increase, recorded on May 11. On Nov. 30, cash price closed out at $2,685 per ton, 18.2 percent higher than Jan. 1...
  • New construction starts in October fell 4 percent to a seasonally adjusted annual rate of $601.8 billion, according to a Nov. 29 report from McGraw-Hill Construction, a division of The McGraw Hill Cos...
  • According to the 2006 Autodesk Green Index that measures adoption of sustainable design techniques by architects, use of green design practices will double by 2011. Officials from Autodesk Inc. of San Rafael, Calif., announced the 2006 Green Index and future projections for the index during the Greebuild Expo Nov. 15-17 at the Colorado Convention Center in Denver...
  • Officials from Japanese glassmaker Nippon Sheet Glass adopted a medium-term plan to carry the company through the end of fiscal year 2011, according to a Nov. 21 company release...

  • Officials at Minneapolis-based Apogee Enterprises Inc. announced Nov. 13 that they have increased the company’s earnings guidance for fiscal year 2007 to a range of 92 cents to 98 cents per share. The previous guidance was 88 cents to 94 cents, according to a company release. Apogee’s fiscal year 2007 will end March 3...
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