Published on December 1st, 2017 | By: April Gocha0
Ceramic and glass business news of the weekPublished on December 1st, 2017 | By: April Gocha
Saint-Gobain has acquired 90% of the shares of Isoroc Poland and its corresponding brand Isoroc in Europe. Isoroc Poland operates a stonewool plant with a capacity of 35 thousand tons and plans to open a new line of 40 thousand tons in 2019.
Once the pride of Stoke-on-Trent’s ceramics industry, from the outside Josiah Spode’s factory buildings look ragged and run down, but in good enough functioning shape. Across the city a similar story is repeated across a citywide canvas; empty factories, warehouses, and other industrial buildings, which have gone south.
Having seen a near flat growth in the last couple of years, the ₹6,000-crore refractory industry is hoping for a 7–8% pick-up in demand “in the coming years”. According to the Indian Refractory Makers Association, the growth will be supported by a pick up in infrastructure projects translating to increased production of steel and cement.
Owens Corning announced that several of its Thermafiber mineral wool insulation products and their supporting design and installation services have earned SAFETY Act Designation, retroactive to January 1, 2006, from the U.S. Department of Homeland Security.
3M announced that Kristen Ludgate is appointed senior vice president, Corporate Communications and Enterprise Services, effective Jan. 1, 2018. Kristen will replace Kimberly Price, who has announced her intention to retire, effective March 1, 2018.
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, announced that it has successfully amended its $1.5 billion revolving credit agreement with improved terms for the Company.
Entrepreneur Elon Musk has won a $50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said. Testing of the massive lithium ion battery will begin within days, ahead of the December 1 deadline.
BGF Glass, a unit of listed company Bangkok Glass, commenced operations at its first factory, BGF Kabinburi, which has a production capacity of 219,000 tonnes of float-glass panels per year. The Bt5-billion plant will expand the group’s business to meet demand from both domestic and Asean customers.
Şişecam Group reported consolidated net sales of approximately $2.05 billion and a net profit of $307 million in the first nine months of 2017. The group’s consolidated earnings before interest, taxes, depreciation and amortization reached $563 million for the same period.
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