News on Glass & Refractory World, week# 11 to 16 part two

° RAMGARH: Indo-Asahi Glass (IAG), one of the oldest glass manufacturing factory of the country at Bhadani Nagar of Ramgarh district, stopped production by cooling down its unit on Friday. This is the second time when the company was closed and workers were retrenched.

° Longhorn Glass Inc. will be back in full production after completing a $40 million upgrade and expansion to its Houston bottle manufacturing facility. The company’s main customer is the Houston brewery of St. Louis-based Anheuser-Busch.

° Nampak Wiegand Glass is to invest almost R500 million in rebuilding and expanding one of its furnaces at its glass bottle manufacturing facility at Roodekop, Alberton.
Furnace 2 which is nearing the end of its useful life will be rebuilt at a larger capacity and at the same time improved bottle-forming equipment will be installed. Commissioning is planned for the first quarter of 2012.

° Corning Incorporated said on April 8 that the company plans to maintain production levels at its Shizuoka and Sakai City LCD glass facilities during Sharp Corporation’s temporary production curtailment of LCD panels.

° Magnesita, which produces raw material for steel industry, signed a deal to supply refractory to Thyssen’s factories, the largest stainless steel producer in Europe.
The company will sell 70% of the Thyssen use of magnesite refractory to Bruckhausen factory. In Beeckerweth plant, Magnesita will supply 60% of refractories. And at HKM, Duisburg, 50%. The three units are near Dusseldorf, Germany.

° Magnesita Refratarios SA based in Brazil, the largest refractory products maker in Latin America, is expected to follow the international upward price trend and increase its prices in Latin American market.

° Martin Schlaff plans to get rid of his stake in technology and fireproof products manufacturer RHI AG, according to reports. Business magazine Trend claims today (Mon) that the Austrian billionaire wants to sell his interest to Brazilian Magnesita Refractories SA (Magnesita), one of RHI’s main rivals. Schlaff, who started investing in RHI four years ago, currently holds more than 25 per cent of stocks in the firm.

° Following recent installations of DSF Frimax 7 Spinel in oxy–fuel and conventional glass melting furnaces DSF Technical Manager Chris Windle is presenting a paper entitled “Spinel Refractories for Oxy-Fuel and Solar Glass Melters” at the Annual Meeting of the International Commission on Glass (ICG) in Shenzhen China.

News on Glass & Refractory World, week# 11 to 16 part one

° Chongqing Polycomp International Corporation (CPIC), a subsidiary of Yunnan Yuntianhua, fully acquired Brazil’s Capivari Glass Fiber for $59.5 million, reports Securities Times, citing a company filing. Capivari Glass Fiber was formerly a subsidiary of the world’s largest maker of glass fiber, Owens Corning. The deal is pending the approval of both the Chinese and Brazilian governments.

° Owens Corning, the leading global producer of glass fiber reinforcements, on March 9 held the official opening ceremony of its new production facility in the Yuhang Economic and Development Zone, Hangzhou, China.

° Owens Corning on March 22 announced today that it is investing in the construction of a new furnace to expand production capacity at its Tlaxcala, Mexico, glass reinforcements facility.

° AGC: impacts of earthquake on glass activities
A detailed announcement done:

° Seeing the promising business opportunities generated from China energy-saving market, Taiwan Glass Group will invest US$138 million to establish an energy-saving glass plant in Wuhan of Hubei province, China.

° Vidrios Lirquen, the NSG Group’s float glass joint venture in Chile resumes production after February 2010 Chile earthquake and reaffirms its commitment to the Chilean market.
The float tank in the Concepción region of Chile has resumed production just over 12 months after being put out of action.

° Taiwan Glass Industrial Corp’s board of directors approved a plan to invest NT$3 billion in a new super-thin glass production line to meet market demand, the company said in a statement to the Taiwan Stock Exchange.

° MUMBAI: Vijay Mallya-led United Spirits (USL) will invest around Rs 600 crore to set up glass manufacturing plants

° Vitro SAB, the Mexican glassmaker that defaulted on $1.2 billion of bonds, will seek a buyer for its U.S. business if a Texas bankruptcy judge orders the units into Chapter 11.