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The week's business headlines
NSG expected to see 68 percent profit increase in first half
First half operating profits for Japanese glassmaker Nippon Sheet Glass are expected to reach about $55 million, up 68 percent from to the same period last year, according to a Nov. 16 report from AFX News Ltd … read more
Enclos opens Utah warehouse facility
Enclos Corp. of Eagan, Minn., opened a new facility in St. George, Utah, to assemble exterior wall façade components for major projects in the West, particularly in Las Vegas, company officials announced in a Nov. 15 release … read more
China Glass invests $31.2 million in four equity acquisitions
China Glass Holdings of Hong Kong bought $31.2 million worth of stakes in four mainland China companies, including Hangzhou Blue Star New Materials Technology Co., Weihai Blue Star Glass Co., and Zhongbo Technology Co., and an additional equity interest in Shaanxi Blue Star Glass Co., according to a Nov. 10 article from the Asia Africa Intelligence Wire … read more
India’s flat glass exports keep growing
Flat glass is one of the manufacturing sectors in India that has done well on the export front, registering excellent growth, according to a Nov. 13 India Infoline article. Close to 65 percent of India’s manufacturing sectors continued on a high-growth path during the six-month period ended Sept. 30, maintaining the momentum built during the last quarter, according to the article … read more
Float facility planned in Tver region of Russia
Russian glassmaker Vostek will build an $80 million float glass factory in the Tver region of Russia in partnership with Chinese development company the Ronghua Group, according to a Nov. 15 article from the Russia & CIS Business and Financial Newswire … read more
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