Tag Archives: Russia

European Glass Industry Urges Immediate Action to Limit Energy Prices

As the energy crisis worsens in Europe, Glass Alliance Europe has urged the European Commission to provide immediate and impactful action to limit natural gas prices. Glass Alliance Europe and other European officials from energy-intensive industries penned a joint letter … Continue reading

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Guardian Glass Sells Plants in Russia

Guardian Glass has sold its business in Russia, which included two glass plants employing approximately 600 people. The purchaser is a private enterprise in the construction industry. Dave Robertson, president and COO of Koch Industries, parent company of Guardian Glass, … Continue reading

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Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading

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Koch Industries to Close Glass Plants in Russia

Koch Industries, the parent company of Guardian Glass, is calling for employees to shut down its two glass plants in Russia as a number of factors related to the invasion of Ukraine have made continued operations “untenable.” However, employee safety … Continue reading

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