More articles by Jenna Reed

The Pushback Over Saint-Gobain’s Move to Acquire a Controlling Interest in Sika AG Accelerates

Composite image of stressed businessman with hands on head

The management of Swiss specialty chemical company Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company. Several investors are supporting management’s position, including the Bill & Melinda Gates Foundation Trust, Cascade … Continue reading

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Schenker Winkler Holding Looks to Remove Three Sika Board Members

Schenker Winkler Holding AG, which is owned by the family that controls Sika AG, has requested the Swiss specialty chemical company hold an extraordinary general meeting and proposes to remove Dr. Paul Hälg, Monika Ribar and Daniel Sauter as current … Continue reading

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Sika Sees Sales Climb 11.7 Percent

Sika reported sales growth of 11.7 percent in the third quarter. For the first nine months of the business year, sales increased by 15.8 percent. All regions contributed to the sales growth, according to officials. North America posted an 8.5-percent … Continue reading

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European Court: “Not Enough Evidence” to Fine Soliver Over Alleged Glass Cartel Involvement

The European General Court has allowed Soliver NV—a relatively small glass manufacturer active in automotive glass, as well as other areas—to avoid an almost $5.5 million USD (€4.4 million Euros) fine by ruling that the European Commission did not provide … Continue reading

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Central Glass Group to Expand Carlex Business by Purchasing Two Guardian Subsidiaries

Central Glass Co. Ltd., a parent company of Carlex Glass Co., has resolved to conclude a share transfer agreement to acquire all of the outstanding shares of two subsidiaries of Guardian Industries Corp.—Guardian Automotive Products, Inc. (GAPI), headquartered in Sterling … Continue reading

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Saint-Gobain Credits Auto Glass Demand for Bolstering Flat Glass Recovery

Saint-Gobain reports that its flat glass division sales are up 4.5 percent “like-for-like” (constant exchange rates and group structure) for the first quarter, “driven by brisk automotive markets in all regions,” according to company officials. The Flat Glass division reported … Continue reading

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Tax Time: Is Your Company Ready?

Hopefully, you’ve already filed your company’s taxes, but if not, Dominique Molina of CertifiedTaxCoach.com said some businesses are saving “a few thousand dollars each year in deductions, and in some cases, they save millions.” What can you do to trim … Continue reading

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European General Court Reduces Saint-Gobain Fine for Antitrust Violations

The General Court of the European Union has reduced the fine imposed on Saint-Gobain for illegal market sharing and exchange of commercially sensitive information regarding deliveries of automotive glass in the European Economic Area (EEA) from $1.2 billion in U.S. … Continue reading

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NFRC Board Votes on Various Items Today

NFRC CEO Jim Benney.

The board of directors of the National Fenestration Rating Council (NFRC) met today at the Peabody Hotel in Memphis, Tenn., and voted to approve several items from the Certification, Technical and Ratings Committees. The board also received an update on … Continue reading

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NFRC Spring Meeting Kicks Off with Welcome, Educational Presentations

Members of the National Fenestration Rating Council (NFRC) are gathered at the Peabody Hotel in Memphis, Tenn., this week for three days of back-to-back educational and committee meetings. The event began yesterday with a warm welcome from incoming NFRC chairman … Continue reading

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