The week's business headlines

China building materials manufacturer to control glassmaker
China's largest building materials manufacturer, China National Building Material Group, agreed to take control of Luoyang Glass Co., one of the country's largest glassmakers, according to a Dec. 20 article in China’s People’s Daily Online.

Luoyang State-owned Assets Operation Co. will transfer 70 percent of Luoyang Float Glass Group Co. to CNBM. Luoyang Float Glass has a 35.8 percent stake of Luoyang Glass and is its largest shareholder, according to the article… read more

Dubai Investments launches glass holding company
Officials from Dubai Investments PJSC of the United Arab Emirates announced the launch of Glass LLC, the first glass holding company in the Middle East, to meet the region’s growing demand for glass, according to a Dec. 20 article in AME Info.

Glass LLC will incorporate the four DI subsidiaries: Emirates Glass LLC, Emirates Float Glass, Lumiglass Industries LLC, all of United Arab Emirates, and recently acquired Saudi American Glass Co. of Saudi Arabia, according to the article… read more

C.R. Laurence sealant approved for Florida glazing code
Los Angeles-based, C.R. Laurence Co. announced its CRL 95C silicone building sealant was approved for the Florida hurricane impact glazing code, and recommended as an installation sealant, according to a Dec. 15 company press release… read more

Mocap buys Steer Enterprises’ dip molding division
Mocap Inc. of St. Louis, recently acquired the Dip Molding Division of Steere Enterprises of Tallmadge, Ohio, according to a Dec. 20 company release. All molding operations move to Mocap’s Park Hills, Mo., plant by end of first quarter 2007… read more

Nova Scotia’s Alumitech stuck in development dispute
About 12 subcontractors, including Alumitech Architectural Glass & Metal Ltd. of Bedford, Nova Scotia, are caught in a dispute between Nova Scotia’s Sisters of Charity and developer United Gulf Developments Ltd. over a $350-million project. The subcontractors say they have hundreds of thousands of dollars tied up in construction material, according to a Dec. 21 article in TheChronicleHerald.ca.

"We have been waiting about seven or eight months for them to resolve their issues and open the gates and let us go in and finish the job," said Norsat Eblaghi, president of  Alumitech and trades group spokesman, according to the article… read more