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Financials
Business headlines
Analysts and investors skeptical of rumored Saint-Gobain Lafarge merger
Despite rumors of a $66 billion deal to merge Paris-based companies Saint-Gobain and Lafarge, analysts say such a merger would offer few benefits. Lafarge, a producer of cement, aggregates, concrete, and gypsum wallboards, has little in common with the conglomerate Saint-Gobain. The French government has also shown no indication of supporting a merger between the two companies … read more
Japanese companies feel crunch of U.S. market
Construction machinery makers in the U.S. are losing money across the board. In the North American markets: Komatsu Ltd. reported a sales decrease of 11 percent; Hitachi Construction machinery Co. sales decreased by 43 percent; Asahi Glass Co. reported an operating loss of $37 million for the first three quarters of the year … read more
CPFilms acquires ATI
CPFilms of Martinsville, Va., a subsidiary of St. Louis-based Solutia Inc., acquired customer list and patents from Acquired Technology Inc. of Alpharetta, Ga., in a $6.95 million deal, according to a Nov. 13 Solutia news release. The deal also includes production equipment and other assets. ATI specializes in dyeing polyester film with a proprietary, patented thermosol process. The acquisition will fuel growth of CPI’s product portfolio and increase sales volume, according to the release … read more
PPG gets approval for sale of auto glass business
Antitrust regulators approved the sale of Pittsburgh-based PPG Industries’ automotive glass business, according to a Nov. 8 report from the Associated Press. The private equity firm Platinum Equity, Beverly Hills, Calif., will purchase the division for $500 million … read more
XinAo teams with Applied Materials to enter solar energy market
Officials at XinAo Group, China, announced Nov. 14 an agreement with Applied Materials Inc. of Santa Clara, Calif. to produce China’s leading photovoltaic module production line with Applied SunFab Thin Film and PV technology using 5.7m2 glass substrates. An optional tandem junction upgrade will allow the modules to generate more than 50MW of electricity … read more
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