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Glaverbel SA shares closed slightly firmer in heavy trade, amidst speculation that funds are trying to block Asahi Glass Co Ltd's buyout bid, brokers said.
Auto-glass maker Asahi India Safety Glass has increased its stake to nearly 80 per cent in its subsidiary Float Glass India, through a recent open offer and said it might merge the ailing company with itself.
Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.
In 1997, Thailand legislated the use of laminated glass for facades in buildings over 23 m in height, when the total internal area is over 10,000 m2, or if the building is over 15 m in height and the total internal area is greater than 1,000 m2.
Glasstech, Inc., the Perrysburg Township firm that has claimed to be the world's leading maker of equipment for tempering and bending glass for the automotive industry, filed for bankruptcy for the second time in 10 years.
Demand for flat glass in the United States is forecast to rise three percent per year to almost seven billion square feet in 2005, valued at $9.1 billion.
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
Mike Willinganz, an 11-year employee of Viracon, joined the field sales force on Dec. 3, covering the states of North Carolina, South Carolina and Virginia.
Glaverbel SA said the Belgian Banking and Finance Commission has extended until Jan 15 the deadline for the Glaverbel board to give its view on Asahi Glass Co Ltd's offer to buy out the shares it does not own in the company.
Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.
Asahi Glass Co., Ltd. ("AGC"; headquartered in Tokyo; president: Mr. Shinya Ishizu) decided to make a public tender offer to purchase all the ordinary shares held by public shareholders in its consolidated subsidiary, Glaverbel S.A. (…
The Glaverbel Group is investing in a new coater* at its Lodelinsart plant in Belgium (Charleroi). This new system will upgrade production of coated solar control glass, sold to large construction projects around the world.
Recently a major success for FBSprofilati was the launch of the latest addition to its range of Georgian bars FB 2051.
Lema will soon complete a new system for chemical tempering of glass size 3200 x 2200 mm. Chemical strengthening is used for extremely thick glass, types of glass where excellent optical quality is needed, printed glass, glass with particular shapes…
This year Lenhardt presented for the first time at Vitrum the world renowned, most advanced and flexible insulating glass production system - the TPS -Line.
Batimat 2001 is also an opportunity for Glaverbel to highlight its relationship with visitors, and to combine its technical skills, innovative expertise and creative glass-making methods in a spectacular display on its stand.
British glassmaker Pilkington Plc reported a 13 percent rise in first-half profits on Thursday that beat market forecasts but said it expected tougher trading conditions in the second half.Pre-tax profits before exceptionals rose to 115 million…
The P&C clothes store in the German city of Dsseldorf is one of the largest projects ever taken on by Tambest.
Cerno Holdings Ltd, a subsidiary of 37Point9, indicated in response to numerous inquiries that its SurfaceShield Patent Pending product completed its Phase 1 testing with high results.
The slowdown in the economy put a brake on the Group's growth during the third quarter. The weaker economy resulted in a fall in demand for clear raw glass, without however affecting price levels.
Solutia Inc. launched Vanceva(TM) Secure at Equip Auto in France. Vanceva(TM) Secure provides at least two minutes of intrusion resistance to protect a vehicle and its contents from theft.
Atofina Chemicals, Inc. is gearing up to restart the remaining portions of their Riverview plant in mid-November, 2001. The plant is now operating 80% of its operating units.
Asahi Glass Company (AGC) has announced an automotive glass recycling test initiative that begins next March and will lead to a full-scale program in 2004.
The Brazilian safety glass machine market is experiencing a very favorable development. The order book of the last year established new Tamglass plant in Brazil has grown rapidly during the ongoing year.