Volume 42, Issue 8 - August 2007

Global Update        

Guardian Industries Expands to Open
New Float Glass Plant in Ryazan, Russia



Guardian Industries is opening a float glass plant in Ryazan, Russia, outside Moscow. The $200 million facility will start production in summer 2008, and is expected to yield at least 300 jobs.

“Russia has become a major force in expansion in construction in residential and commercial building,” says Jim Moore, Guardian managing director of European operations. “The move to Russia is a natural progression in our growth.”

Ryazan’s Gov. Georgy Shpak and Guardian Glass Ryazan director Yanos Egud have signed an investment agreement for construction of the float glass facility. The plant will contain a float line and coating operations. It is scheduled to open in the summer of 2008 and the coating will begin in fall 2008, according to Moore.

“We have received extensive local support from Governor Shpak and the local government; their support has really impressed us,” says Moore. “In Ryazan, we are one of the biggest investments. We will be a bigger fish in a smaller pond.”

Guardian’s first glass plant opened in Europe in 1981. www.guardian.com

Australia’s CSR Pays $584 Million for Pilkington Australasia
The Melbourne, Australia-based CSR Ltd., a building products maker, has purchased Nippon Sheet Glass NSG Co. Pilkington Australia and its New Zealand divisions for $584 million. The deal to expand CSR’s residential and commercial window-making capabilities was struck in late June and according to Pilkington, “was effective immediately.” 

Stuart Chambers, chief executive of flat glass for NSG Group, says the deal benefits both companies. 

“This disposal is consistent with Phase 1 of the Group’s 10-year strategy, and I am pleased that we have agreed on a price which represents a good deal for our shareholders as well as the new owners of the business,” he says. 

NSG Group will continue to support the business with technical assistance agreements that were included in the company sale process. www.csr.com/home.php 

Haida Safety Glass Expands in China
Haida Safety Glass Co. Ltd. has completed its recent factory expansion. The company fabricates glass products including Safety Glazing Certification Council certified tempered shower door glass, heavy entry doors, shelves, shaped and beveled mirror, enameled safety glass, annealed table tops and laminated glass. 

The addition of a ceramic frit line, waterjet machines and automated edge polishers have helped increase the factory’s overall export production.

The glass factory covers an area of more than 75,000 square meters and is located in Wuxi, Jiangsu, China. http://wuxihaida.en.ec21.com


USG
© Copyright 2007 Key Communications Inc. All rights reserved.
No reproduction of any type without expressed written permission.