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NSG Group Makes Changes in an Effort to Return to Pre-COVID Levels
Nearly two months after the company reported to a year-over-year revenue decrease amid the COVID pandemic, Nippon Sheet Glass Co. (NSG Group) has announced the results of its cost-savings measurers including its voluntary retirement program and the sale of certain non-current assets. According to the company, these cost-saving actions will help NSG return to its pre-pandemic financial levels.
According to the company, the voluntary retirement program resulted in 131 applicants volunteering to retire early. With some exceptions, the program allowed for [more]
Pushing Change: Minimizing Noise Through Glass Innovations
A year into a pandemic that shifted life from being "anywhere but home" to "nowhere but home," it's hard to remember just how active and loud society was. The world for the past year has been quiet, but life is just starting to pick up where it left off. The once constant noises of cars, planes, trains, motorcyclists, party music and social gatherings are slowly returning, but innovations in glazing are helping to keep them [more]
Glass-Related Construction Spending Down in February
The value of nonresidential architectural glass and glazing spending declined in February, according to Key Media & Research (KMR), a leading data and information provider to the glass industry.
Nonresidential glass construction fell by 6.6%, slightly outpacing a 6.1% dip in overall nonresidential construction spending on a seasonally adjusted annualized rate.
KMR's glass and glazing activity figures are adapted and modified from the U.S. Census Bureau's monthly construction spending report, with proprietary weighting and models applied to [more]
Former JEB Employees File Complaint Alleging WARN Act Violations
Two previous employees of Predricktown, N.J.-based J.E. Berkowitz (JEB) filed a class-action lawsuit against the company and parent companies, Consolidated Glass Holdings (CGH) and Czech Asset Management (CAM), claiming a violation of the Worker Adjustment and Retraining Notification Act (WARN) and the New Jersey Millville Dallas Airmotive Plant Job Loss Notification Act (New Jersey WARN Act). The complaint comes following CGH’s announcement of employee furloughs in February.
The purpose of the WARN Act is to ensure [more]
O3 Industries Purchases Assets of Solar Seal Co. from CGH
O3 Industries has purchased substantially all the assets of Solar Seal Co. from Consolidated Glass Holdings (CGH). The new corporation holding the assets has been named Solar Seal LLC. This asset purchase of the Solar Seal business included the equipment and business processes; the 100+ staff and operations will remain at the preexisting business’ South Easton, Mass., facility, and will be integral to the future of Solar Seal LLC, according to the announcement.
“Through this process, [more]
Sixteen Countries Face Anti-Dumping Duties Following USITC Determination on Aluminum Sheet
The U.S. International Trade Commission (USITC) announced a unanimous determination that unfairly traded imports of common alloy aluminum sheet from 16 countries have materially injured U.S. producers. The USITC’s determination concludes investigations that were initiated following the filing of petitions requesting relief by the Aluminum Association’s Common Alloy Aluminum Sheet Trade Enforcement Working Group on March 9, 2020.
“We are delighted by today’s unanimous determination. This decision provides vitally needed relief from a second wave of unfairly-traded imports [more]
Frameless Hardware Co. Acquires Columbia Commercial Building Products Assets
The Frameless Hardware Co. (FHC) based in South Gate, Calif., announced it has substantially acquired assets of Rockwall, Texas-based Columbia Commercial Building Products (CCBP) from Consolidated Glass Holdings (CGH). According to the announcement, FHC has acquired inventory, fabrication equipment and product designs for CCBP’s entrance doors, storefront and curtainwall systems.
FHC has been in business since late 2019, and will enter the commercial aluminum storefront market through this acquisition. The company also plans to launch [more]
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