Published on April 8th, 2016 | By: April Gocha0
Ceramic and glass business news of the weekPublished on April 8th, 2016 | By: April Gocha
GT Advanced Technologies Inc. announced that it has emerged from Chapter 11 as a newly reorganized company. GT Advanced Technologies Inc. and its affiliated debtors have emerged with renewed strategy focused on growth in the solar and sapphire industries. The company’s $80 million of exit financing was provided by a group of financial sponsors with combined assets under management of more than $30 billion.
Kyocera Corp. announced that it has completed a share purchase agreement regarding the U.S.-based solid tool manufacturing and sales company SGS Tool Co. and its group companies. Effective May 2, Kyocera will acquire 100% ownership of SGS Tool, and will rename the company as Kyocera SGS Precision Tools Inc.
The construction industry is not going away quietly regarding the Occupational Safety and Health Administration’s controversial final crystalline silica rule. Monday, eight construction industry organizations filed a petition for review of the rule, which was published late last month, with the U.S. Court of Appeals for the Fifth Circuit.
AGC Asahi Glass announced that it will strengthen its system to supply cover glass for car-mounted displays at its subsidiary AGC Display Glass Yonezawa Co. Ltd. to meet strong demand. Forecasting growing demand, the group is increasing production capacity and plans to begin operation of the expanded production facilities from April this year.
Air Products has announced that the company will exit its energy-from-waste business. In previous public comments, Air Products’ management has communicated the challenges with the Tees Valley, U.K. projects. Testing and analysis completed during the Company’s fiscal second quarter indicated that additional design and operational challenges would require significant time and cost to rectify.
Somany Ceramics on Tuesday informed the exchanges that it has completed the expansion of its Kassar plant (Bahadurgarh) in India and commenced commercial production. The plant will produce 4 million square meters of glazed vitrified tiles annually. The commercial production has commenced ahead of its scheduled timeline of first quarter of FY16-17.
Lockheed Martin has announced that the first 3-D printed components for submarine-launched ballistic missiles flew this week on test launches from a submerged submarine in the Atlantic Ocean. The component in question was a connector backshell, designed and additively manufactured from aluminum alloy powder.
Science-based 3M announced the name of its newly unveiled research and development laboratory. As the 3M Carlton Science Center sets its sights on new ways to innovate and solve challenges around the world, it also recognizes a company scientist who pioneered 3M’s ability to collaborate to develop solutions for customers.
NVision Inc. recently used its computed tomography inspection and reverse engineering services to help a leading beverage manufacturer resolve sealing flaws in its large-sized bottles. NVision used its advanced technology to inspect the sealing surfaces of the bottles and reverse-engineer them so that the sealing problems could be isolated and resolved.
Dyson, the British manufacturer of small household appliances, is betting that the right batteries will allow the world’s consumers to cut the cord. Building on its purchase last year of Sakti3, a U.S.-based start-up, Dyson says it will spend $1.4 billion on battery technology development over the next five years.
PPG announced that the Fresno, Calif., glass plant, which had been idled for a furnace reline and refurbishment, resumed production April 1. The 50-year-old facility, which makes clear and Starphire Ultra-Clear glasses, suspended operations in early January for scheduled maintenance after more than 15 years of continuous manufacturing.
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