Published on July 25th, 2014 | By: April Gocha0
Ceramics and glass business news of the weekPublished on July 25th, 2014 | By: April Gocha
Struggling electronics maker Sharp is in talks to buy out Apple’s liquid crystal display production facility at a Sharp plant in Kameyama, Mie Prefecture, an industry source says. By purchasing the facility, possibly for 30 billion to 40 billion yen, Sharp envisions producing LCDs for Apple and other communication device makers.
New York state is teaming with General Electric Co. and other companies on a $500 million initiative to spur high-tech manufacturing of miniature electronics, Gov. Andrew Cuomo and GE CEO Jeffrey Immelt recently announced. The work will focus on the development of new, smaller semiconductors for computers and technology used in many industries, including solar power, health care, and aviation.
PPG Industries announced today that it will sell all the assets of its Mt. Zion, Ill., glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. Fuyao will rebuild and retrofit the facility’s two production lines to manufacture automotive glass. According to PPG, the sale is expected to close in the third quarter of 2014.
Alcoa recently signed a $1.1 billion deal to make jet engine parts for a unit of United Technologies Corp. Alcoa said it will provide the first aluminum fan blade for jet engines, designed to reduce weight and boost fuel efficiency.
Construction on the world’s longest and highest glass bridge will be completed in a scenic area in Zhangjiajie in Hunan province next May, Want Daily reports. The bridge, which will connect two mountain peaks, will be 400 meters in height, 430 meters long, and six meters wide. Once construction on the base of the bridge is complete, workers will begin to build the bridge from both ends and eventually meet in the air.
Asahi Glass Co. Ltd. will raise the selling prices of its architectural glass products marketed in Japan, starting from delivery on September 1, 2014. Specifically, the prices will be increased by 15–20% for flat glass products, 10–15% for mirror products, and 10–20% for processed glass products for architectural applications.
RAK Ceramics (India) Pvt. Ltd, a subsidiary of UAE-based RAK Ceramics, has chalked out a Rs.500 crore expansion plan. To achieve this almost three-fold increase in revenue, the company plans to set up a greenfield project in north or central India in 2016.
The 11th China Jingdezhen International Ceramic Fair in 2014 will be held at the Jingdezhen International Convention Centre from October 18 to 22. There will be more than 1,000 domestic and foreign brand ceramic enterprises there for the exhibition. Exhibits cover high-end household ceramics, art ceramics, high-tech ceramics, and ceramic raw materials.
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