Grenzebach Machinery Opens New Facilities in Shanghai, China
Grenzebach Machinery Shanghai celebrated a milestone in its company history by inaugurating a new office building expansion to its manufacturing facility. Host and chief executive officer Dr. Tao Wang welcomed senior management from Grenzebach’s parent company in Germany and the other German and American affiliates.
By opening the new buildings, Grenzebach Machinery Shanghai now has an office space of approximately 32,300 square feet and a production area of approximately 215,300 square feet. The Chinese affiliate employs 210 people.
Arkema Partners with Chinese Glass Manufacturer
Arkema, which has global headquarters in France and is represented in the United States by Arkema Inc. in Philadelphia, will partner with Qinhuangdao Yaohua, a hard-coated glass producer in China, on a second glass production line project. This new line will use the next generation Chemical Vapor Deposition (CVD) low-E process, jointly developed by Arkema and its engineering partner Stewart Engineers.
This second production plant using Arkema’s CVD low-E coating system will allow Qinhuangdao Yaohua to add additional capacity for the hard-coated low-E grades within its range of thin glass and solar control glazing products in 2007. This expansion comes two years after a successful startup of the first line. According to
the announcement, the products from this partnership will fulfill the growing demand of the local market, while providing Qinhuangdao Yaohua with strong assets to maintain its leading position in hard-coated glass in China.
Vitro Sells Stake in Vitrocris to Libbey Inc.
Vitro S.A. de C.V. says it has reached an agreement to sell its 51-percent interest in Vitrocrisa Holdings S de R.L. de C.V. and related companies to Libbey Inc.
Libbey Inc. currently owns 49 percent of the Mexican joint venture formed in 1997.
According to Vitro, the equity sale for $80 million plus an additional $23 million of inter-company payables and account receivables, will represent a total inflow of $103 million to Vitro. As of December 31, 2005, Vitrocrisa had a total debt of $67 million, which will be refinanced by Libbey. The deal also includes a real estate swap.
In other news, Vitro Cristalglass, Vitro’s European subsidiary, has been chosen to supply double-glazed glass to Torre Sacyr, the tower that stands more than 230 meters and will become one of the four towers located at the former Real Madrid’s Sport City facilities. It will also be the only tower among the four-building complex with round facades.
“The choice of round facades is related with two important elements: structure and image,” said Carlos Rubio, one of the leading architects. “It is a very tall building that will suffer a great deal of pressure from the horizontal winds and the round shape will precisely help to smooth the wind impact, when compared to a building with flat surfaces.”
DFI and GVM Sign Diamon-Fusion® Distribution License in Madrid
Diamon-Fusion International Inc. (DFI Nanotechnology) has signed a five-year license agreement with Gestión del Vidrio y Montajes, S.L. (GVM), a Spanish glass fabricator with a distribution network throughout Spain and Europe.
GVM, a 50-year old privately-owned company based in Madrid, Spain, has its own installation services covering projects throughout Europe. Its manufacturing facility includes a robotic-based production, research and development sources and ISO 9001 and A-pplus+ certifications. The company’s glass manufacturing line includes laminated, curved, deco, tempered, sandblasted, etched, mirrors of various colors and textures and A.T.Lass Plus, an impact-resistant laminated glass more than 200 percent stronger than standard laminated glass, according to the company.
“This new alliance with GVM solidifies our presence in Spain and provides additional market positioning for us in Europe,” said Guillermo Seta, vice president and executive director of DFI Global Operations.
In other news, DFI has announced a global expansion plan that includes the opening of sales representations and operations in GunPo, South Korea; Tel Aviv, Israel; and Mexico City. A senior official for the company also reported additional licensing of eight companies in Europe, among the company’s main global business developments in the first quarter of 2006.
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