April 30, 2013|
- Libbey‘s sales for Q1 2013 were $183.5 million, compared to $187.8 million, a decrease of 2.3 percent. CEO Stephanie Streeter said there had been a sales decline in the USA and Canada but Mexico and Latin America had reported a sales increase.
- US manufacturer O-I was hit by a European slump in the first quarter of 2013. Its operating profit dropped to $226 million, down from $260 million in the prior year; higher operating profits in South America and Asia Pacific were more than offset by lower results in Europe.
- Italian glass manufacturer Bormioli Rocco has bought a majority stake in Neubor Glass, based in San Vito al Tagliamento, Italy, producing high specification glassware for use in the pharmaceutical sector. The acquisition will increase Bormioli Rocco’s production capacity with the construction of a new furnace at Neubor Glass to manufacture moulded flint type I glass.
- Cie. de Saint-Gobain SA, said first-quarter sales dropped 4.8 percent amid a construction slump and cold weather in Europe; sales declined to 9.7 billion euros ($12.6 billion). CEO Pierre-Andre de Chalendar is cutting investments, selling businesses and raising prices to adjust to the European car and construction slump that has hurt demand for flat glass and building materials and put the company’s credit rating under pressure.
- Mayerton Holdings Ltd, a refractory engineering solutions provider and a castable and refractories brick manufacturer, announces it has signed a definitive agreement for the sale of its 100 percent equity interest in Dalian Mayerton Refractories Co. Ltd. to Magnesita Refratarios SA. DMR is a refractory brick manufacturing facility in Dalian, China (Liaoning Province).