The week's business headlines

Analysts forecast falling fuel costs
Glass companies could experience relief from skyrocketing fuel costs, if recent predictions from analysts come true.

USA Today reported in an Aug. 21 article tentative forecasts from several analysts of declining fuel prices. Read more.

Despite increased sales, Asahi’s profits slip in first half of the year
Officials from Japan’s Asahi Glass Co. reported in an Aug. 23 earnings statement that the company’s net income fell 5.4 percent to $365 million in the first half of the year compared to last year.

Sales for the company, however, surged 8.6 percent over last year to $6.8 billion, according to the report. Read more.

Israeli glassmaker to open facility in Virginia
Oran Safety Glass of Israel will invest $4.1 million to build its first U.S. facility, located in Greensville County, Va., according to an Aug. 16 Associated Press release.

The company will supply bulletproof glazing for U.S. military vehicles, according to the AP report. Read more.

Guardian’s Hungarian subsidiary goes greener
Officials from Guardian Orosháza Kft in Hungary announced that they will invest $31.9 million into energy-saving technologies, according to an Aug. 11 report from Eastbusiness.org.

Guardian Orosháza, part of the Auburn Hills, Mich.-based Guardian Industries Corp., serves as the primary flat-glass manufacturer in Hungary, producing nearly 2.3 million tons per year.