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FGIA Webinar Provides Financial Tips Amid COVID-19 Crisis
The COVID-19 pandemic has had a major impact on the economy and many glass and glazing companies are looking for ways to strengthen their businesses during this time. To address this issue, the Fenestration & Glazing Industry Alliance (FGIA) hosted a webinar titled, “Financial Management and Value Preservation in a COVID Economy,” on May 19 with presenter Michael Collins, partner and managing director of Building Industry Advisors LLC.
Collins began by emphasizing that health and safety [more]
Architectural Glass Company Owners Grapple with Employees Who Don’t Want to Come Back
A recent report in FORBES magazine discussed a situation that a number of business owners have found themselves in, and architectural glass company owners are no exception.
The federal Coronavirus Aid, Relief, and Economic Security (CARES) Act provides an additional $600 a week in unemployment benefits to workers who have been let go or furloughed as a result of the COVID-19 crisis. Add to that state unemployment that can range from a high of $790 a [more]
Viracon’s Owatonna Facility Initiates Contact Tracing, Other Measures to Fight COVID-19
Eighty-one of the approximately 1,500 employees at Viracon’s facility in Owatonna, Minn., have tested positive for COVID-19, according to a recent report in a local newspaper. Though Apogee Enterprises, Viracon’s parent company, has issued a statement saying it believes the virus was not being transmitted at Viracon’s plant. The company has implemented health interviews, temperature screenings, increased workplace disinfecting and mandatory quarantines for anyone who has come in close contact with infected individuals.
Employees on quarantine [more]
Paycheck Protection Program Loan Forgiveness Application Now Available
The Small Business Administration (SBA) and the Treasury Department recently released the Paycheck Protection Program (PPP) Loan forgiveness application along with application instructions.
The form and instructions advise borrowers on how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to the administration, it aims to issue regulations that will further assist borrowers as they complete the application. The SBA also notes the importance of [more]
AGC Reports Very Slight Decrease in Sales for Glass Segment in Q1 2020
AGC Inc.’s total net sales and net sales for its glass segment were down in the first quarter of 2020 compared to the first quarter of 2019. That’s according to the company’s first quarter 2020 consolidated financial results. For the three months ended March 31, 2020, AGC’s net sales were $3.33 billion*, down 1.1% from the company’s net sales in the same period of 2019, which were $3.37 billion. Net sales for the company’s glass [more]
Patrick Kenny Reflects on 40-Year Career as He Approaches Retirement
Patrick Kenny, vice president of marketing for Vitro Architectural Glass, has been a pioneer throughout his 40-year career in the glass industry. He’s led new departments and taken on roles that didn’t exist previously. After spending his entire career with PPG and, later, Vitro Architectural Glass after PPG sold its flat glass division, Kenny plans to retire on May 31, 2020 and begin a new adventure.
Kenny first joined PPG in 1980 in its sales and [more]
Setting the Record Straight: Experts Clear Up Misconceptions about Laminated Glass
Laminated glass gives architects and designers the ability to improve safety and sound attenuation. It can also provide strength and the means for artistic expression. With a number of possible functions of laminated glass beyond just transparency and daylighting comes many misconceptions. Lamination experts are shedding light on the truth behind these misconceptions.
Misconception: Fully Tempered Glass is the Only Safety Glass
Julia Schimmelpenningh, industry technical manager for architectural products at Eastman Chemical Co., says one misconception [more]
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