News from the glass and refractory worldsPublished on June 14th, 2012 | By: P. Carlo Ratto
• Vidrala Group has announced that it has closed the first quarter of 2012 with a consolidated net profit of €10.6 million, up 16.6% compared to the same period the year before.
• Saint-Gobain expects to post weaker first-half results but remains on track to meet its 2012 targets.
• Vitro S.A.B. de C.V. announces that its subsidiary in Spain, Vitro Cristalglass, S.L. has started the process to filing for insolvency and requests the judicial declaration of Concurso, through the Commercial Courts of Madrid.
• Guardian Industries of US is interested in building a new float glass plant in the Kiev region, as announced by the Minister of Economic Development and Trade Poroshenko on May 5.
• PPG Industries’ fiber glass business announced that it is implementing a five percent price increase, as allowed by contract, across all products in the Americas and EMEA (Europe, Middle East and Africa). The price increase will affect all fiber glass products, including chopped fibers, direct and multi-end rovings, mats and specialty yarns.
• Mubadala Development, owner of the world’s largest aluminium smelter, which is being built in Abu Dhabi, is studying the addition of an alumina refinery to the site that could transform the emirate into a global hub for aluminium production.
• Alcoa and the Saudi Arabian Mining Company, Ma’aden, have recorded a major safety milestone during construction of their aluminium smelter at Ras Al Khair, in Saudi Arabia: 25 million hours worked without a lost work day injury. Part of the fully integrated aluminium complex being developed jointly by Ma’aden and Alcoa, the 740,000 tons per year smelter is scheduled for completion in 2013.
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