Published on August 1st, 2014 | By: April Gocha0
Ceramics and glass business news of the weekPublished on August 1st, 2014 | By: April Gocha
PPG Industries CEO Charles E. Bunch sold 95,400 shares of the company’s stock in a transaction that occurred on July 22. The stock was sold at an average price of $209.46, for a total value of $19,982,484.00.
glasstec 2014, the international trade fair for glass production, processing and products, is set to take place October 21–24 at Messe Düsseldorf in Düsseldorf, Germany. Birgit Horn, director glasstec, Messe Düsseldorf, spent time talking to USGNN.com about the plans for this year’s staging and what attendees can expect.
Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space. The not-for-profit BoldlyGo Institute wants to put its ASTRO-1 telescope in orbit by the mid-2020s. The components had been intended for a NASA program that was cancelled.
According to new report by Global Industry Analysts Inc., future growth in the ceramic tiles market will be driven by the increasing number of residential apartments in developing countries. Other important growth drivers include increasing global population, rising standards of living, and rapid urbanization and the resulting need for building infrastructure.
The need for fracking sand is driving increases in silica producers U.S. Silica and Carbo Ceramics. U.S. Silica is expected to post a 21% jump in second-quarter profit to 46 cents a share. Revenue is seen climbing 47% to $190.7 million. Carbo Ceramics is expected to report a 39% jump to 99 cents. Revenue is seen rising 7.7% to $165.6 million.
The National Audubon Society says the new Minnesota Vikings stadium poses a threat to birds and is asking builders to rethink its glass decisions. The nearly $1 billion stadium is under construction in downtown Minneapolis and features nearly 200,000 square feet of glass.
In July and August, Lipper will deliver three universal AV 600 type polishing machines to customers in Colombia, Bangladesh, and Vietnam. These machines can polish plates, bowls, oval plates, square plates, and cup feet at a rate of 900 to 1,100 pieces per hour.
In a breakthrough for the technical ceramics industry, Morgan Advanced Materials is manufacturing what are believed to be the world’s thickest piezoelectric ceramic blocks. The blocks, designed for use in ultra-low frequency SONAR applications down to 18 KHz, are made of soft lead zirconate titanate (PZT5A1).
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