Published on May 19th, 2017 | By: April Gocha0
Ceramic and glass business news of the weekPublished on May 19th, 2017 | By: April Gocha
Apple announced Corning Incorporated will receive $200 million from Apple’s new Advanced Manufacturing Fund as part of the company’s commitment to foster innovation among American manufacturers. The investment will support Corning’s R&D, capital equipment needs and state-of-the-art glass processing. Corning’s 65-year-old Harrodsburg facility has been integral to the 10-year collaboration between these two innovative companies and will be the focus of Apple’s investment.
Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation systems. Upon closing, the company will pay approximately $560 million in cash, on a cash free and debt free basis. The transaction is anticipated to close in the third quarter of 2017.
Emirates Glass, a subsidiary of Dubai Investments PJSC, announced that it currently has projects worth $30 million on hand, and is executing more than $16 million worth of contracts in Gulf Cooperation Council countries alone.
New research by BCC Research reveals that rising demand for solid-state lighting, solar cells, and other devices are driving huge growth in the global market for transparent ceramics. BCC anticipates the global market to reach $227.million and $548.7 million in 2017 and 2022, respectively, demonstrating a 19.3% CAGR.
A new type of fiber is finding its way into jet engines, promising greater fuel efficiency for some of the biggest aircraft crisscrossing the skies. General Electric has adopted SiC fiber-based ceramics for its latest jetliner engines, and the material is already being used in the compact Airbus A320neo, which went into service last year.
AGC Asahi Glass will invest approximately 19 billion yen to relocate a float furnace and mirror manufacturing facility from the Jakarta Plant to the Cikampek Plant of PT Asahimas Flat Glass, Tbk. The new float furnace and mirror manufacturing facility will have increased production capacity by 40% and 30%, respectively.
The National Graphene Association—officially established April 18, 2017—is an organization working to connect those in academic and research arms with entrepreneurs, investors and commercial entities looking to produce graphene-based products.
Norway’s second-largest supermarket chain has introduced reverse vending machines that give customers discount coupons for new batteries when they deposit old ones for recycling. Just under 2,500 batteries have been collected in the three weeks since they were installed at three stores.
King Abdullah University of Science and Technology and Thermo Fisher Scientific Inc. recently opened the Electron Microscopy Center of Excellence at the KAUST campus in Saudi Arabia. This new center will focus on excellence in instrument performance and R&D collaboration.
Somany Ceramics announced that it has expanded its factory production of polished vitrified tiles. As a result of this expansion, the capacity of the plant has increased from 2.99 million square meters per annum to 4.80 million square meters per annum.
A startup construction firm, Katerra, has building projects in the works all over Northern California, but it has remained quiet until now about its unusual high-tech methods and its backing from finance, real estate, and technology heavyweights.
RoboVent introduced the Fusion 4, the newest model in the Fusion Series. The Fusion is a powerful stand-alone dust collector used for robotic welding and dust-intensive applications, including silica dust-producing processes for the glass, ceramic, and building industries.
Back to Previous Page