Volume 44, Issue 5 - May 2009

Global Update

WORLDWIDE
CRL Makes Two Acquisitions

Los Angeles-based C.R. Laurence Co. Inc. (CRL) has acquired Ebor Group Holdings Ltd. (Ebor) in Rochdale, England, a supplier of accessories, tools and machinery to the glazing and stone industries. 

“We are very proud of the fact that all 55 employees of Ebor will be staying on, including all four directors,” says Donald E. Friese, chief executive officer of CRL. “We see this acquisition as the official launch of our European strategy that was announced at glasstec in Düsseldorf in the fall of 2008.”

Ebor will act as the European headquarters for CRL Europe.

CRL is planning to make substantial investments in facilities in both the United Kingdom and Germany. In Rochdale, the company will immediately begin construction on a 75,000-square-foot facility, which is scheduled for completion in the first quarter of 2010. This facility will be in addition to the existing facilities with more than 37,700 square feet for floor space. In addition, Friese announced that a 30,200-square-foot facility has been purchased in Ilsfeld, outside of Stuttgart and will open this June. 

In addition, CRL’s Australian subsidiary has acquired Australian Glass Tools Pty Ltd. (AGT) in Melbourne, Victoria. All employees of AGT will continue. With the acquisition, CRL plans to begin construction of a new 54,000-square-foot facility. 

The new facility will feature shipping equipment and computer systems for quick delivery to customers. Customers will be able to pick up orders onsite. A large showroom will display new products, including full-size working models of CRL’s architectural hardware products, frameless shower door hardware, railing systems and transaction security hardware. www.crlaurence.com 


MIDDLE EAST
RHI Receives Contract for Two New Float Glass Furnaces

Refractory provider RHI has been awarded an order of $15.4 million USD (12 million EUR) for refractory material for the construction of two new float glass furnaces. 

The first project is a greenfield plant for Sphinx Glass, a fully owned subsidiary of Egypt’s Mena Glass. The second project is for Emirates Float Glass in the United Arab Emirates, a subsidiary of Glass LLC. This contract is for the construction and supervision of a second float glass manufacturing facility in Abu Dhabi. Both furnaces will have a production capacity of approximately 660 tons per day. 

The Italian engineering firm Ianua S.p.A. will design and produce both float glass facilities. 


CHINA
Jiaxing District Recognizes Fenzi China

Fenzi China Paints and Sealants Co. Ltd. has received an award from the Jiaxing District for its sales results and the quality of its customer service. The company’s Jiaxing plant was commended for demonstrating outstanding performance in 2008 in terms of competitiveness and safety, according to a company announcement. 

“The year 2008 can be considered a positive year for Fenzi China,” says Stefano Pozzi, general manager. “We have strengthened our market position and significantly expanded our customer base. All this has been achieved thanks to the efforts of a united and highly motivated group and the extraordinary impact of our brand on the clientele.” 

Pozzi says 2009 will also be rewarding for the group in terms of growth. 

“The year 2009 did not get off to a simple start even in China. The global economic crisis is inevitably knocking on the door, but the Chinese economic system is reacting positively. There will be a considerable production reduction during the year, but the Chinese economy will, nevertheless, continue to grow. Thus we are optimistic, and I believe we will achieve the objectives we have set for 2009.”

USG
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