August 28, 2007 | Vol 2, Num 35
e-glass weekly, your weekly source for industry news and financial data
News to know
More consolidation coming
More top stories
Product spotlight
Temperature controller
Financials
Construction slips 11 percent in July
More business headlines
e-Poll
Do you think the fall of the subprime mortgage market will affect construction spending in the nonresidential segment?
Yes, and it could be severe
Yes, but it will be minor
No, the market is strong enough to withstand it



Last week's poll results: 
Have you been a victim of an ordering scam?

56.58%: No

27.63%: No, because we caught on in time

15.79%: Yes



Financials

More business headlines

Nippon Sheet Glass raises fiscal year net profit forecast to $457 million
Officials from Nippon Sheet Glass Co., Tokyo, said Aug. 23 that its group net profit almost doubled in the April to June period, due to subsidiary U.K.-based Pilkington Plc earnings and asset sales, according to a same-day Dow Jones Newswires article.

Nippon Sheet Glass increased its profit forecast for the fiscal year through March to $457 million from $388 million, and its revenue forecast to $7.33 billion from $7.15 billion, according to the article.

For full report, click here.


Chinese government approves Fuyao stake sale
Officials from China’s largest auto glass maker, Fuyao Group Glass Industries, said Aug. 24 that the Chinese Ministry of Commerce approved the sale of a 10 percent stake in the company to Goldman Sachs, New York, according to an Aug. 25 China Daily article.

Fuyao can sell up to 111.28 million new shares to Goldman Sachs, company officials said in a statement to the Shanghai Stock Exchange, according to the article … read more


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