Stölzle to replace furnace at Austrian plant
Stölzle has replaced its amber furnace with a new furnace at its Koflach, Austria plant. It has also started to use regenerative heating technology instead of recuperative power. The company said that this year’s investment of €18 million is an indication of its intention to improve its environmental footprint.
Guardian Industries Corp to overhaul production in Thailand
Guardian Industries Corp, the leading manufacturer of float glass and fabricated glass products, has earmarked a budget of US$95 million for 2015-16 to overhaul and upgrade its production in Thailand.
Unifrax Corp invests $18 million in Tonawanda business park
Unifrax Corp. keeps growing in the Town of Tonawanda, NY. The manufacturer plans to invest $18 million to build and equip a new facility in a business park next to its current operations. The Erie County Industrial Development Agency approved $1.2 million in tax breaks to support the project.
Frigoglass SAIC begins exploring strategic options for its glass business
Frigoglass SAIC has commenced an exploratory process relating to strategic options for its glass business. Frigoglass has been approached by a variety of investors expressing their interest in a wide range of strategic options, such as joint ventures, minority participations or even full acquisition of the business.
Alcoa to sell stake in Jamalco mining venture
Alcoa Inc. has signed an agreement to sell 100 percent of the company’s ownership stake in its Jamalco bauxite mining and alumina refining joint venture to Noble Group Ltd. for $140 million. The decision to sell AWAC’s stake in Jamalco is in line with Alcoa’s global strategy to reshape its upstream portfolio and lower the cost base of its commodity business.
Industria Nacional de Cemento halts kiln at Vallemí
Paraguay’s Industria Nacional de Cemento (INC) will halt its kiln at Vallemí to complete the replacement of its refractory. However, the maintenance will not affect output, which will remain at 45,000-50,000 bags per day, since the company has sufficient clinker stock to maintain daily production rates for 45 days.