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Financials
Business headlines
Architectural glass leads Glaston’s investment plan
Officials at Finland-based Glaston Corp. announced Jan. 14 the company’s financial objectives and strategies for the period up to 2010. Goals include a growth in net sales of more than 8 percent, a more than 10 percent profit margin, and at least a 20 percent return on capital employed. Glaston will concentrate on architectural glass that shows an annual estimated growth rate of between 6 percent and 8 percent … read more
How to cope with rising health care costs
On Jan. 7, CNBC reporter Bertha Combs provided advice to employees on dealing with spiking health care costs. Combs offered several tips on how to reduce medical costs, including taking care of your health, using preventive care options and staying in your insurance network … read more Read a May 2007 Glass Magazine article about how industry companies are coping with rising health care costs here.
Vietnamese glassmakers focus on domestic sales
Architectural glassmakers in Vietnam say exports come second to serving local demand, according to a Jan. 14 article from VietNamNet Bridge. High raw material prices and expensive transportation costs have discouraged many companies from exporting, according to the article … read more
Asahi Glass courting Middle Eastern investors
In an effort to aid declining share prices, Asahi Glass of Japan, along with other Japanese companies such as Sony and Nippon Telegraph & Telephone Corp., are visiting investors in the Middle East. One of Asahi’s vice presidents visited the region for the first time last year … read more
Pilkington to enter Indian market
The United Kingdom’s Pilkington, subsidiary of Nippon Sheet Glass, Japan, plans to enter the rapidly expanding India market, according to a Dec. 31 article in The Financial Express. Pilkington officials are in the process of looking for a local partner … read more
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