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Home » Topics » Glass

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mergers

Owens Corning to Acquire Pittsburgh Corning

Upon closing, the company will pay approximately $560 million in cash, on a cash- and debt-free basis.
May 23, 2017
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Owens Corning recently announced that it has signed an agreement to acquire Pittsburgh Corning.


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AGC to Enhance Architectural Glass Production in Indonesia

The float furnace will be used to manufacture architectural glass; mass production is scheduled to begin in the first quarter of 2019.
May 22, 2017
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AGC Asahi Glass recently announced that it will invest approximately 19 billion yen (~ $170.5 million) to relocate a float furnace and mirror manufacturing facility.


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Apple Awards Corning First Advanced Manufacturing Fund Investment

Corning’s 65-year-old Harrodsburg, Ky., facility has been integral to the 10-year collaboration between these two companies and will be the focus of Apple’s investment.
May 19, 2017
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Apple recently announced that Corning Inc. will receive $200 million from Apple’s new Advanced Manufacturing Fund as part of the company’s commitment to foster innovation among American manufacturers.
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Housing Index Hits Milestone but Permits Still Lagging

The Leading Market Index (LMI) shows that markets in 183 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2017.
May 17, 2017
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Based on current price, permit and employment data, markets nationwide are running at an average of 100% normal economic and housing activity, according to the recently released National Association of Home Builders/First American Leading Markets Index (LMI).


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IPC Skills Gap Study Reveals Qualifications in Short Supply

The study indicated that most companies are having a hard time recruiting qualified production workers.
May 16, 2017
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In response to mounting concern about the shortage of U.S. workers with skills needed by electronics manufacturers, IPC, Association Connecting Electronics Industries® conducted a “fast-facts” study.


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glass generic

Vitro Breaks Ground on Jumbo MSVD Coater at Wichita Falls Facility

The new coater will reportedly enable Vitro to produce high-performing, energy-efficient low-emissivity (low-e) glasses in standard sizes, with larger sizes available for special orders.
May 15, 2017
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Vitro Architectural Glass recently broke ground on construction of a $55 million jumbo magnetron sputtered vacuum deposition (MSVD) coater at its Wichita Falls, Texas, plant. 


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Libbey Sees Sales Decline in 2017 First Quarter

Net sales in the U.S. and Canada segment were reported lower due to softer sales in the foodservice and retail channel.
May 12, 2017
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Libbey Inc. recently reported results for the first quarter ending March 31, 2017.


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Net Sales Increase over 15% for Ferro in First Quarter 2017

Ferro’s first quarter net sales grew to $320.6 million from $277.5 million in the prior-year quarter.
May 9, 2017
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Ferro Corp. recently reported results for the first quarter ending March 31. 


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glass generic

Sales in 2017 First Quarter Increase by Nearly 8% for Saint-Gobain

Saint-Gobain’s Flat Glass segment continued to show upbeat growth, aided partly by the positive calendar impact and by emerging countries in the construction and automotive segments.
May 8, 2017
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Saint-Gobain recently reported 2017 first quarter sales of €9.9 billion (approximately $10.9 billion), with organic growth of 7.6%. 


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First Quarter 2017 Net Sales Essentially Flat for O-I

For the first quarter, O-I recorded earnings from continuing operations of $.30 per share (diluted), compared with $.42 per share in the 2016 first quarter.
May 5, 2017
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Owens-Illinois, Inc. (OI) recently reported financial results for the first quarter ended March 31.


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