The week's business headlines

Pilkington sale final; Nippon’s stock ratings slip
The United Kingdom’s 180-year-old glass company, Pilkington, officially became part of Japan’s Nippon Sheet Glass Co. June 16. Acquisition costs include about $3.3 billion for NSG to purchase the remaining 80 percent of shares of Pilkington it does not already own. The added corporate takeover costs in addition to the cost of covering Pilkington’s debt could bring the Nippon’s total to about $5.6 billion, according to an article the same day from Kyodo News in Japan... read more

Alcoa execs see growth in aluminum, despite recent slip in price
Officials from Alcoa Inc. of Pittsburgh predict mass urbanization in countries such as China will drive demand for aluminum in the future, according to a June 16 article from Reuters. Company executives spoke to investors and analysts last week... read more

Lisec establishes facility in Dubai
German glass machinery manufacturer Lisec is set to build a new research, development and manufacturing facility at the Dubai Silicon Oasis... read more