Volume 42, Issue 3 - March 2007
Glaston’s Glass Processing Group to be Consolidated Into One Company
The three companies in Kyro’s Glass Processing Group—Tamglass Safety Glass Ltd., Tamglass Insulating Glass Ltd. and Tamglass Finton Oy—will merge into a single supplier of glass products, called Tamglass Glass Processing Ltd.
In 2006, the company merged its insulating glass and safety glass operations. Glaston says the group’s production efficiency was enhanced through reducing fixed costs and improving productivity of personnel, factories and machinery.
Tamglass Glass Processing also divided its business areas and built a sales organization to improve its customer support. The new business areas are architectural glass, window and furniture glass and special automotive glass. Approximately 75 percent of the company’s customers are Finnish-based users of architectural as well as window and furniture glass products and approximately 25 percent are users of special automotive glass.
In addition, Bavelloni, also a part of Glaston Technologies, signed an agreement for 70-percent ownership in two joint ventures for manufacturing tools with Chinese tool manufacturer NST.
Bavelloni began manufacturing tools in its machine manufacturing unit in Tianjin, China. The company chose NST as the other party based on its expertise, quality level of manufacturing, production processes, as well as location, according to information from Bavelloni.
The first joint venture, Bavelloni Tools, will develop the components produced in Italy into high-quality tools. These will be sold under the DiaPol brand. Another venture, Sanhe AAA Tools, will continue to manufacture NST’s tools.
The companies have agreed not to disclose the amounts invested in the joint ventures. www.glaston.net
DORMA Products Selected For World’s Tallest Building
Dr. Michael Schaedlich, chief executive officer, said the project represents one of the largest in the company’s history. He’s optimistic the order will be the first of several for this project as the building has reached only about 1,100 feet—not even half of the planned height.
“The selection of DORMA hardware on this record-breaking structure is a testament to the quality and style we put into every product,” said Scott Duncan, president of DORMA Architectural Hardware. “It’s an honor to know DORMA products will be relied upon by tens of thousands of people in this building for their safety, access and security needs.”
The Burj Dubai will house a hotel, a large number of luxury apartments and several office complexes. www.dorma-usa.com
Dubai Investments Launches Glass LLC
The new branch will incorporate the four DI subsidiary companies: Emirates Glass LLC, which is one of the largest processors of flat architectural glass in the region; Emirates Float Glass, the UAE’s first integrated glass manufacturing and processing facility being built in Abu Dhabi; Lumiglass Industries, makers of automotive and architectural laminated glass products; and the recently-acquired Saudi American Glass Co., one of the Middle East’s largest glass manufacturers.
“Dubai Investments’ new arm, Glass LLC, has been formed in order to cater to the increasing demand for glass products in the region, particularly from the booming construction and real estate sector,” said Khalid Kalban, managing director and chief executive officer of DI. “In the UAE alone, the construction industry’s expenditure on infrastructure and real estate projects is expected to reach AED 850 billion [USD 231.44 billion] over the next five years. Similar large-scale projects are being built across most of the GCC states, which will result in projected expenditure of AED 31 billion [USD 8.44] on glass products alone. Glass LLC will focus on developing the regional glass industry and will further contribute to DI’s expansion activities in 2007, as in the near future more glass companies will be added.”