Ceramics and glass business news of the weekPublished on October 20th, 2011 | By: email@example.com
Here’s what we are hearing (some info from news releases):
Glasstech Inc.’s first four decades have seen the company transform from a small, one-idea operation into the world’s premier designer and supplier of glass processing systems. The company’s innovative systems have earned their reputation for rugged dependability in the automotive and architectural markets and now are expanding into a market the company helped create, solar-energy production. With its legacy of innovation and pioneering, Glasstech is responsible for numerous critical developments that made possible machine bending, shaping and tempering or annealing of glass parts, large and small. Now at the top of its game, one can only wonder what the next 40 years hold in store for Glasstech and the glass processing industry.
Rockwood Holdings Inc., a global producer of specialty chemicals and advanced materials, today reported earnings per share from continuing operations of $0.95 for the third quarter of 2011 as compared to $0.49 for the same period in the prior year. Rockwood’s as adjusted earnings per share increased to $1.06 in the third quarter of 2011 from $0.51 for the same period in the prior year. Seifi Ghasemi, chair and CEI, said, “This quarter’s superior results are further confirmation of the fundamental strength of Rockwood’s unique portfolio of inorganic specialty chemicals. Continued strong volume growth in our lithium, surface treatment and clay-based additives businesses, combined with improved pricing in titanium dioxide and lithium, enabled us to more than double our adjusted EPS for the quarter.
An official groundbreaking ceremony started the construction work for the CS Energy Materials Ltd (CSEM) plant in Minamata. CSEM is a joint venture between H.C. Starck and Japan New Chisso (JNC) Corp. for the development and production of cathode materials for high-performance lithium-ion batteries used to power electric and hybrid cars. The ceremony was attended by representatives from JNC Corp., H.C. Starck and CSEM as well as by government representatives. The joint venture intends to commence production of cathode materials for lithium-ion batteries in 2012.
GreenCell, Incorporated announced the development of an UltraTemp-C based firing system for its line of igniters, sensors and fuel cells. The unique design provides for easy manufacture of sensors and igniters at temperatures beyond 1,400°C. The system provides for handling ease for all high temperature operations and is completely silica free. The unique “interlocking” block design is accomplished through software based manufacturing with no requirement for hard tooling.
Corning has a market cap of $21.5 billion fed mostly by the television and mobile device markets, including companies like Sony, Dell, HTC and LG, which utilize Corning’s Gorilla Glass, in their products. Although Corning has experienced a tough few months recently, it has proven resilient and maintains good long-term prospects.
Siemens and its partners are developing a new type of ceramic printed circuit board for use in integrated power converters destined for electric vehicles. The converters have a modular design, and are physically close to control and power electronics in the vehicle’s transmission. The ceramic electronics project is being funded by Germany’s Ministry of Education and Research. The first step is to develop a high voltage electricity and signal transmission system between the circuit boards.
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