July 15, 2008 | Vol 3, Num 28
e-glass weekly, your weekly source for industry news and financial data
News to know
Top stories
glassblog
America's smallest retail glass shop
Product spotlight
Fused panels
Risk tip of the week
Keeping your cool this summer
e-Poll
At what age can you retire?
55-60
61-65
66-70
71-NEVER



At what age do you want to retire?

55-60

45%

61-65

24%

66-70

17%

Never

15%


 

 

 

 

 

 

News to know

Top stories

MIT turning windows into solar panels
Massachusetts Institute of Technology engineers report a new approach to harnessing the sun's energy more cost effectively using windows that also allow a clear view. The technology involves the creation of a novel "solar concentrator" using a mixture of dyes painted onto the glass. ... read more

GM to have world's largest rooftop solar system
Solar energy product maker Energy Conversion Devices Inc. said it will supply solar cell laminates to General Motors Corp. for the world's largest rooftop power generation system. ... read more

Nonresidential construction continues to lose jobs in June
Nonresidential construction lost 5,600 jobs in June 2008 on a seasonally-adjusted basis, raising the total number of jobs shed in the past year to 43,900, according to a July 3 report released by the U.S. Labor Department. This loss represents a slow-down compared to May 2008, which saw a decline of 7,400 jobs, according to a July 9 Associated Builders and Contractors report ... read more

Top business news

Glaston strengthens its operations in China
Beginning in August, Glaston plans to significantly strengthen its operations in North Asia and China, according to a July 9 company release. Asia, particularly China, has a special priority in Glaston's strategy. ... read more

Oldcastle Glass sells translucent business
Oldcastle Glass has reached an agreement to sell its translucent wall and skylight business to Major Industries, a market leader in the translucent daylighting industry. ... read more

PPG unloads auto glass operations for $330 million
More than a year after announcing its intent to sell off its automotive OEM glass and replacement glass services business, PPG Industries of Pittsburgh signed a sale agreement July 8 with private equity firm Kohlberg & Co. LLC, Mount Kisco, N.Y. Under the agreement, PPG will sell the auto glass business to a new company formed by Kohlberg in exchange for $330 million and a 40 percent minority ownership stake in the new company, according to a PPG release the same day. ... read more

DFI implements first industrial nano coating system in Brazil
Diamon-Fusion International Inc., San Clemente, Calif., global developer and exclusive licensor of patented hydrophobic nanotechnologies, implemented its proprietary nano-surface chemical vapor chamber coating system at Bravestro - Vidros de Segurança Ltda., the company’s exclusive distributor in Brazil, according to a July 7 company release. This industrial implementation at Bravestro sets DFI to further develop the MERCOSUR (Regional Trade Agreement among six countries: Argentina, Brazil, Uruguay, Paraguay, Chile and Bolivia), along with providing positive impact throughout Latin America ... read more

International news

International snippet
Vietnam produced 18.7 million square metres of glass in the first half of this year, a decrease of 5.3 percent as compared with the same period in 2007, according to a July 4 report from Vietnam’s General Statistics Office.

Gujarat to introduce single window clearance act
With a view to cutting down on redtapism in the state, the state government has for the first time decided to formulate a Single Window Clearance Act. ... read more

IFC finances clean, energy efficient float glass production for HNG in India
IFC, Kolkata, India, a member of the World Bank Group, will help HNG Float Glass Ltd. set up a state-of-the-art plant in Halol in the Indian state of Gujarat, according to a July 7 company release. The plant will produce 600 tons of energy efficient float glass daily, helping meet demand from the construction and automotive sectors, while creating new jobs and developing local supply chains ... read more


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