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Turkish glass giant Sise ve Cam Fabrikalari (Sisecam) is freezing plans that it had to double its investments in Bulgaria, until problems in the country’s labour laws are solved.
The workers of Trakia Glass Bulgaria, the local unit of Turkish glass and chemicals group Turkey Sise ve Cam Fabrikalari (Sisecam), will go on strike from Saturday after the management and the trade unions failed to agree on new pay benefits.
International Aluminum Corp., a Monterey Park-based maker of aluminum and vinyl window and door products, has agreed to be a acquired by a private equity firm for about $228 million.