The 61st Fortune 500 list was recently released, with the 500 companies accounting for $12.5 trillion in revenues, $945 billion in profits and 26.8 million employees. Among them are a handful of glass and glazing industry-related companies.
“Though a lot of 3M’s brands are well known, the company also invests heavily in research and development, which it believes is a major driver of sales and profit growth,” according to Fortune’s report. “R&D expenses totaled $1.77 billion last year.”
Aluminum producer Alcoa, which encompasses Kawneer Co., came in at No. 125, five spots ahead of where it landed last year. Alcoa raked in $23.9 billion in revenues last fiscal year, recording $268 million in profits. The company employs 59,000 people.
Not far behind was PPG Industries, a coatings and glass producer that has 156 manufacturing facilities in 70 countries. PPG sits at 198 on the list, falling slightly from its No. 190 ranking last year. The company, which employs 44,400 people, pulled in $15.6 billion in revenues and $2.1 billion in profits last fiscal year.
Chemical companies had a strong presence on the list, with Praxair ($12.3B revenues, $1.7B profits, 27,780 employees), Huntsman ($11.6B revenue, $323M profits, 16,000 employees) and Eastman Chemical ($9.5B, $751M, 15,000 employees) coming in at Nos. 249, 259 and 305, respectively.
Specialty glass manufacturer Corning, meanwhile, landed at No. 297 on the list, jumping all the way from its spot at No. 343 last year. Corning has 34,600 employees and recorded $9.7 billion in revenues and $2.5 billion in profits).
And by extension, the glazing community wasn’t left out of the list, either, as Warren Buffett’s Berkshire Hathaway came in at No. 4. In 2013, Berkshire Hathaway subsidiary MiTek Industries acquired Portland-based Benson Industries LLC, a designer, engineer, supplier and installer of curtainwall and external cladding.
According to Fortune’s methodology, companies in the list are ranked by total revenues for their respective fiscal years.
To view the complete list, click here.