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CI CyberNews, Vol. 11 No. 32

FocusOn: Ceramic Industry Magazine LinkedIn Group Going Strong

Thanks so much for all of your interest in the Ceramic Industry magazine group on LinkedIn. We created the group to offer a forum for anyone involved in the ceramic, glass and related industries, and the group keeps on growing! Members enjoy opportunities for discussion, news and information sharing, and networking with other industry professionals. We'd love for you to join us!


AVX REPORTS 8% INCREASE IN FISCAL FIRST QUARTER
Revenue for the quarter was $396.5 million, an 8% increase from the previous quarter and a 36% increase from the first quarter of last year.
FULL STORY

CARBO REPORTS 61% REVENUE INCREASE
CARBO Ceramics Inc. has reported net income of $18.7 million, or $0.81 per diluted share, on revenues of $111.5 million for the quarter ended June 30, 2010.
FULL STORY

CERADYNE SEES POSITIVE RESULTS IN SECOND QUARTER
Sales for the quarter were $100.4 million, compared with $95.3 million in the second quarter of 2009.
FULL STORY

CORNING PRESIDENT AND COO VOLANAKIS TO RETIRE

Corning Inc. has announced that Peter F. Volanakis, president and COO, will retire on or before December 31, following 28 years of service with the company.
FULL STORY

GE ANNOUNCES SIC CONTRACT WITH U.S. AIR FORCE
GE Aviation has announced an R&D contract for solid-state primary power distribution technology using silicon carbide (SiC) power switches.
FULL STORY

LIBBEY REPORTS STRONG SECOND QUARTER RESULTS
Libbey Inc. announced second quarter 2010 sales of $203.0 million, compared to $195.8 million in the second quarter of 2009, an improvement of 3.7%.
FULL STORY

O-I REPORTS LOWER SECOND QUARTER RESULTS
Second quarter net sales were $1.7 billion in 2010, down from $1.8 billion in the prior year, primarily due to unfavorable foreign currency translation effects.
FULL STORY

RIO TINTO TO INVEST $170 MILLION IN SIMANDOU IRON ORE PROJECT
Rio Tinto has advanced to the next stage of its iron ore project in Guinea, approving $170 million of further funding for mine, rail and port infrastructure work. FULL STORY


SACMI TO SHOW SANITARYWARE TECHNOLOGIES AT TECNARGILLA
SACMI will display its sanitaryware offerings at Tecnargilla 2010, to be held September 27-October 1 in Rimini, Italy.
FULL STORY


SUPERIOR TECHNICAL CERAMICS ANNOUNCES JOINT VENTURE
Superior Technical Ceramics Corp. has announced a joint venture with Anderman Ceramics to expand both companies' presence in industrial ceramics. 
FULL STORY
CyberPoll
(If you have any trouble with this poll, please choose the option located at the top of the page to view the newsletter as a web page.)

1. Walmart's CEO Michael Duke makes a $20 million annual salary. The average Walmart employee makes about $15,000 a year on an hourly wage. This is unmistakably a colossal discrepancy-but is it justified? Is it reasonable that Duke, who is admittedly the head of an enormous Fortune 500 corporation, makes 1333 times what his employees make?
Yes, it is reasonable.
No, it is not reasonable.
Not sure.


2. Comments? (If you'd like your name and company name to be shared, please include this information with your comment.)


If you do not receive a confirmation page after clicking submit, please click here.
CyberPoll sponsorship opportunities are available. Contact Ginny Reisinger at reisingerg@bnpmedia.com for details.

SPONSORED BY:

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Career Center

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Online Calendar
CI's full Calendar of Events is available online to help you keep track of all the latest trade shows and seminars.

CyberTip
Looking for more? CI's website features dozens of additional stories that we don't have room for in CI CyberNews or in print issues. Whether you're looking for additional industry news, personnel announcements or new product technologies, we've got it all online at www.ceramicindustry.com!

Survey Says!
Last week's CI CyberNews CyberPoll focused on BP CEO Tony Hayward being removed from his position following the company's response the Gulf Coast oil spill. The majority of respondents (61.5%) don't believe it is fair for Hayward to take all of the blame. Other respondents (26.9%) do believe it's fair, while the remaining (11.6%) participants are unsure. One reader commented, "He should have had more support from the chairman, whose performance was less than adequate, especially considering these tragic circumstances. However, the CEO was obviously out of his depth and had obviously been picked as a scapegoat." Follow this link
to read additional comments or to add your own thoughts on this topic.

CHARTER SPONSOR

Mohr Corp. provides ceramic and machinery services to both buyer and seller, from the sale of one machine to entire factories, with its professionally established brokering, liquidation and appraisal organization. For more information, visit www.mohrcorp.com.

ABOUT OUR SPONSOR

Insaco is a precision machining company that provides finished pieces to customers' specifications from ultra hard materials, including oxide ceramics, nitrides, carbides and quartz, and especially industrial sapphire. NEW capability allows the company to machine within a 102" x 31" x 70" envelope and still hold tight tolerances. Visit www.insaco.com.

All statements about the companies/products included in this newsletter are manufacturers' claims, and neither CI CyberNews nor Ceramic Industry endorses any of the products mentioned.

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