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Nippon
Finally Moves on Pilkington
In
a statement released at close of play last night, Pilkington plc 'notes
the recent movement in its share price and confirms that it has received
a preliminary approach that may or may not lead to
an offer being made for the Company. A further announcement will be made
when appropriate.'
In accordance with Rule 2.10 of The City Code on Takeovers and Mergers,
the Company also confirms that, as at the close of business on 28th October
2005, the Company's issued share capital consisted of 1,314,661,820 ordinary
shares of 50 pence each.
Nippon Sheet Glass, meanwhile, said it was at 'a very preliminary stage'
of discussing a cash offer for Pilkington that analysts think could be
worth up to £2 billion.
Shares in Pilkington Plc surged 26 percent as news of the bid approach
broke and Nippon was touted as the likely suitor because it already owned
nearly 20% of the firm. A source said the Japanese firm would offer about
150 pence a share for Pilkington, roughly in line with where the shares
closed.
Highest
BFRC Rating for Piper And Veka
VEKA
fabricator, Piper Double Glazing Ltd has achieved a prestigious A rating
in the British Fenestration Rating Council (BFRC) Window Energy Rating
system, the only window so far to achieve this. Incorporating VEKA Matrix
70mm profiles, Pipers argon gas-filled triple glazed 16mm casement
window achieved a level Window Energy Rating of +4, which is the highest
on the scheme to date.
The
Window Energy Rating system developed by the BFRC, which is an independent
government-supported body established to develop and administer a system
of window energy ratings in the UK, becomes part of the revised Building
Regulations coming into force on April 6th 2006. It clearly identifies
the performance of a window as a whole, rather than concentrating on single
components such as the frame or glass. Certified windows carry a label
with an A to G grading, (with A the most energy efficient) and values
for thermal transmittance, solar factor and air leakage.
The window energy rating assesses the whole window energy performance
and covers the frame material, the frame design, the glass type and all
the other components that make up the window. The rating is carried out
by computer simulation of the product to European Standards and the use
of standard climate data and building models. This gives a single number
that can be used to compare the energy performance of a window simply
and quickly. Exclusively for domestic applications, the scheme helps to
significantly reduce energy usage and cost to the consumer, improving
comfort and contributing to CO2 emission reduction.
Dr Robin Kent of the BFRC says that the Piper/VEKA achievement shows that
the standard is completely attainable and workable: 'The performance of
the Piper window is excellent and, perhaps more importantly, demonstrates
what can be achieved in a commercially available product that is ready
for market now. Piper Windows and VEKA have set a very important precedent
for the glazing industry.'
Alistair Craig, Piper Windows General Manager, says that he and his colleagues
are delighted at the achievement: 'This places Piper Windows at the cutting
edge of window development. In close partnership with VEKA we have achieved
a performance that not even the BFRC believed to be possible at this time.
We have set the standards for others to follow quite literally.'
VEKAs Mark Rogers is equally pleased: 'With the BFRC ratings becoming
part of the Building Regulations from April next year, we are supporting
our customers to be ready to deliver compliant products in advance of
the new standards. That Piper and the VEKA technical team have achieved
the very highest rating using the VEKA Matrix 70 system this early in
the scheme, is remarkable.' .
GGF Among
First Eight Trustmark Licenses Awarded
Construction Minister Alun Michael MP has awarded TrustMark licences to
eight trade bodies, marking a critical stage in the development of this
new consumer protection initiative for the home repair and improvement
sector.
The licensing of these organisations to become approved scheme operators
for TrustMark paves the way for 10,000 firms to become TrustMark registered,
including general builders, glaziers, roofers, heating engineers, electricians,
fencing specialists and damp proofing contractors.
This number and range of tradespeople within the TrustMark scheme will
provide the critical mass that makes it possible for the scheme to be
launched to the general public on a national basis in January 2006.
The Ministers presentations will take place at TrustMarks
inaugural Annual Lunch in London. Marking the first day of National Consumer
Week, the lunch celebrates the successful growth of TrustMark since its
launch to the construction industry in June.
Alun Michael says:
'I want to see consumers empowered and confident they are making the right
choice when selecting a builder or tradesperson to work on their home.
'I am pleased that the construction industry has made a very positive
start by recognising the need for collective action and the benefit of
protecting their customers from cowboy traders. Government has supported
and facilitated this scheme but now its over to you to make TrustMark
a reality and provide consumers with the single brand that will deliver
the peace of mind they need.
'I urge all trade associations and other organisations in the domestic
repair and improvement sector of the construction industry that are interested
in raising standards and improving the image of the industry to join their
peers, sign up and become approved scheme operators and help make TrustMark
a valued and respected scheme.
'In parallel, I urge consumer organisations to start briefing their members
about the benefits provided by TrustMark in preparation for the official
launch to the public in the New Year.'
Ian Livsey, chairman of TrustMark, says: 'The amount of progress made
by TrustMark in the last four months has been phenomenal, and by the end
of this year we will have around 10,000 firms on board, working to a set
of standards that consumers have been demanding for years. The Board and
I are confident that we are building solid foundations for a scheme that
will deliver real benefits to the public and will reward the best in the
building trade.'
The first eight scheme operators for TrustMark are:
National Register of Warranted Builders a group of 3,500
general builders that belong to the Federation of Master Builders
MasterBond scheme.
Heating and Ventilating Contractors Association (HVCA)
an association for companies active in the design, installation, commissioning
and maintenance of heating, ventilating and air conditioning.- National
Federation of Roofing Contractors (NFRC) the UKs leading
trade association for the roofing industry.
Glass and Glazing Federation (GGF) the trade association
for employers and companies within the flat glass, glazing, window, home
improvement, plastics and applied window film industries in the UK.
British Wood Preserving and Damp-Proofing Association (BWPDA)
representing companies that tackle timber and damp problems including
woodworm, dry rot and wet rot.- National Association of Professional Inspectors
and Testers (NAPIT) a specialist trade association for firms involved
in electrical inspection, testing and system verification, and which also
runs a Part P Competent Persons scheme for electricians.
European Fencing Industry Association (EFIA) a well-established
association of fence designers, manufacturers and installers.
AJA Registrars Ltd an independent certification body that
vets a wide range of traders for financial stability, technical competence,
sound health and safety practices and other essential criteria.
http://www.trustmark.org.uk.
PVC
Prices Soar 35% Following Hurricanes in Gulf
PVC
industry costs are up as much as 35 percent from just a few months ago,
with a 10% rise in the last month alone. Many oil refineries located in
the Gulf of Mexico area, are still recovering after Hurricanes Katrina
and Rita slamming into the region and when oil prices spike, there is
a instantaneous price rise in the resins used to make PVC and other plastic
products.
Chemical Week magazine has reported that PVC prices in the USA have surged
43 percent from 37 cents a pound in September of last year to 53 cents
a pound last month.
PVC prices in Europe this week inched higher, with producers chasing sharp
hikes on the back of tight regional avails and firm EDC and VCM input
costs.
Post-Hurricane
Reconstruction Opportunities to UK Industry
UK
Trade & Investment, in cooperation with Louisiana Economic Development
and UK regional groups in England and Scotland's Business Gateway, will
hold a series of seminars to brief companies on post-hurricane reconstruction
opportunities in US Southern States estimated to be worth £140 billion.
The events will be held in London, Aberdeen and Manchester during Monday
October 31st to Wednesday 2nd November.
Larry Collins, Director of International Services for Louisiana State
Government, will brief UK industry on the extent of sector opportunities,
contractors already engaged in reconstruction work and their procurement
processes, and support available to UK companies wishing to establish
a presence in the State.
UK Trade & Investment staff from the US and the UK will also be on
hand to discuss further planned activity to assist UK industry access
the reconstruction effort and the range of support and services available
to companies seeking to get involved. The briefing tour is an initiative
linked to a long-standing relationship between UK Trade and Investment
and Louisiana Economic Development, in cooperation with UK Regional business
groups, Business Gateway International (part of Scottish Enterprise),
Aberdeen City Council and other industry partners.
Trade Minister Ian Pearson said:
'Hurricanes Katrina and Rita were a terrible tragedy and the affected
communities need our help to rebuild their lives. I am looking forward
to meeting the Louisiana Development board to discuss how UK industry
can best focus their extensive skills and capability to help in the US
reconstruction effort. I encourage UK firms to engage with the seminars
as they may find that their expertise is exactly what is required to help
speed the process of reconstruction up.
'The UK has expertise in many areas which could help with the rebuilding
process. The destruction covers the entire range of infrastructure including
oil and gas facilities and pipelines, roads, bridges, ports and levies,
private and commercial property, power generation and distribution vehicles
and commercial/private furniture and goods.'
Hurricanes Katrina and Rita could be one of the most powerful natural
disasters in history, and the most costly. Initial research indicates
a likely reconstruction/repair bill of around US$200-250 billion. Opportunities
also exist in areas such as temporary accommodation; camp management/catering
and general clean up.
Event Registration
UK companies wishing further information, or to register for the event,
can do so by email (UKTI@innovision.uk.com)
or telephone (020 7034 3295). Places are limited so please book early
to ensure participation at these events.
DuPont
Launches New Capacity for Safety Glass Interlayers
DuPont
Glass Laminating Solutions has announced that new production capabilities
for its safety glass interlayers are now operational. The facilities expansions
were put in place in response to strong global demand growth for impact-resistant
glass. Key to the expansion is opening of the company's new manufacturing
line in Fayetteville, North Carolina, which makes DuPont SentryGlas Plus
interlayers for global markets.
SentryGlas Plus continues to be used to address the extreme demands of
applications around the world including embassies, high-rise building
facades, balustrades, and overhead glazing. DuPont's latest glass interlayer
offering provides architects with expanded capabilities for meeting increasingly
stringent building codes, especially in hurricane markets. It is stronger,
clearer and more durable than traditional interlayers.
DuPont also opened a new facility in Wilmington, Del., for making SentryGlas
Expressions, a safety glass offering that brings together DuPont inkjet
and polymer science to meet the need of architects and designers for decorative
architectural glazing. With the new technology, designers now have the
ability to customise designs and images with photographic realism, along
with the safety and security benefits of laminated glass.
The investment in these facilities responds to strong global demand
growth and demonstrates DuPont's commitment to this business and to becoming
the leading supplier and innovator of glass laminating solutions for a
better, safer world, said Luigi Robbiati, global business director
for DuPont Glass Laminating Solutions. SentryGlas solutions are
opening up entirely new applications for the use of glass in buildings
where it has never been used before, with many new possibilities for building
design.
DuPont also announced that it has successfully launched additional production
capabilities at the company's Retrim safety glass interlayer operation
in Zlin, Czech Republic, expanding DuPont's presence in Central and Eastern
Europe for automotive and architectural laminated glass markets.
In response to increasing Asian demand for safety glass for automotive
and architectural applications, DuPont has added production capability
for its DuPont Butacite polyvinyl butryal interlayer for windshield applications
with shade bands at its Ulsan, Korea, facility. This will result in improved
service levels for these products to customers in the Asia region.
DuPont Glass Laminating Solutions manufactures Butacite and SentryGlas
and Spallshield interlayers at sites in the United States, Korea, Czech
Republic and Germany. Business sales are reported as part of the DuPont
Performance Materials platform.
http://www.dupont.com/safetyglass/
Saint-Gobain
Group Sales up 6.8% in Q3
Consolidated
sales for the Saint-Gobain Group reached Euro 25,743 million for the first
nine months of 2005, representing an increase of 6.9%. At constant exchange
rates (based on average rates for the first nine months of 2004), sales
were up 6.8% on an actual structure basis and 1.9% on a comparable structure
basis. Prices edged up 1.7%, while volumes expanded by 0.2%.
Following the upturn in the second quarter, the Group's organic growth
slowed down in the third quarter, due, on the one hand, to the high comparison
basis of the third- quarter 2004 (4.0% like-for-like growth) and, on the
other hand, to the more difficult economic climate due to the strong rise
in energy costs.

In
line with the trends observed in the second quarter, the businesses exposed
to the new residential construction and renovation markets continued to
drive the Group's overall growth up in the third quarter and during the
first nine months of 2005. Insulation, in particular, recorded the Group's
strongest organic growth rate over the first nine months, at 5.6%.
Each of the Group's five business sectors reported an overall increase
in like-for-like sales for the first nine months of the year. The Construction
Products (notably lnsulation) and Building Distribution Sectors in particular
continued to show sustained growth in the third-quarter, on the back of
vigorous construction markets in Europe and in the US. However, businesses
exposed to the consumer spending and industrial production markets experienced
a fall-off in sales, linked to the current economic slowdown.
The Building Distribution Sector reported a sharp 12.7% increase in sales
on an actual structure basis, thanks to the contribution of its recent
acquisitions to the nine-month figures, particularly Dahl, Sanitas-Troesch,
and Optimera, which were consolidated as from May 1st, 2004, March 1st,
2005, and August 1st, 2005, respectively. Sales increased by 2.3% on a
comparable structure and exchange rate basis. Strong French and Scandinavian
markets continue to spearhead the sector's growth, while Germany, and
to a lesser extent the UK, remain on a downward trend.
The High-Performance Materials Sector generated like-for-like sales growth
of 0.6%. The increase witnessed in Ceramics & Plastics and Abrasives,
in terms of both volumes and prices, was offset by a fall in Reinforcements
sales.
Sales in the Flat Glass Sector were up slightly on a comparable structure
and exchange rate basis. Business continued to be buoyed by the building
market in Europe and emerging countries, while the automotive market remained
stable. Sales prices remained firm over the entire sector.
Packaging Sector sales edged up slightly on a like-for-like basis, with
the price increases implemented across the sector offsetting the slight
drop in sales volumes in Europe (particularly in Germany). However, rising
sales prices still fail to offset the impact, on the Group's operating
income, of the considerable hike in natural gas costs in the US.
The Construction Products Sector posted the Group's strongest organic
growth, at 3.7%. Building Materials and particularly lnsulation reported
excellent growth figures, at 4.4% and 5.6% respectively, propelled by
the robust construction markets in the US and Europe (with the exception
of Germany) and by the increase in sales prices at the start of the year.
Pipe sales evened out over the first nine months of 2005, due to a recent
turnaround in sales volumes and further price increases in the third quarter.
By geographic area, like-for-like sales remained healthy in France and
the US. Business was relatively stable for the rest of Western Europe,
with the dynamism of Spain, Portugal and Northern Europe compensating
for sluggish markets in Germany and to a lesser extent the UK. In terms
of emerging countries, sales remained robust, especially in Asia and Latin
America.
Asbestos claims in the United States: some 2,000 new claims were
filed against Certain Teed during third-quarter 2005, significantly below
the number filed in the first two quarters of the year. The number of
new claims filed during the first nine months of 2005 amounted to 12,000,
as against 14,000 in 2004. Over the same period, some 16,000 claims were
resolved - of which approximately 3, 000 during third-quarter -, as against
17,000 in the comparable period of 2004. The number of outstanding claims
at September 30th, 2005 was therefore slightly lower than at end-June
2005, at approximately 99,000 claims. The average cost of claims settled
over the last 12 months was approximately $2,500 per claim, unchanged
from end-June 2005.
On the legislative front, discussions among the advocates and opponents
of the proposed Asbestos Trust Fund bill have continued since the US Senate
Judiciary Committee approved the bill by a bipartisan vote on May 26th,
2005. It seems, however, unlikely that the bill will be put before the
full Senate by the end of this year.
Outlook and targets: In a more difficult current economic climate,
the upturn in business observed in the second quarter was not carried
over to the third quarter with as much vigor as expected, and this trend
is likely to continue through the end of the year. In addition, the profitability
of some of the Group's businesses, notably Packaging, has been dented
by the sharp rise in energy (natural gas, fuel) and transportation costs
occurred during the summer, especially in the United States, and which
could not be passed through sales prices right away. Owing to both of
these factors, the target for the full year increase in operating income
at constant exchange rates (average exchange rates for 2004) has now been
adjusted to be slightly under the rate of growth delivered for the first-half
of 2005 (+4.9%).
Pilkington
K Glass Forms an Elite Band
With
the widespread adoption of Window Energy Ratings, window companies are
busy having their products assessed to ensure they achieve the minimum
Rating that is required for replacement windows under the new Building
Regulations Part L, which is a band E. However a number of innovative
companies have gone even further and achieved a rating of C and in one
case, a B. Integral to the success of each has been the use of Pilkington
K Glass.
Three companies, Speed Frame, Masterframe and Mcllhattons, have succeeded
in creating energy efficient windows with the ever popular and easy to
handle Pilkington K Glass.
Speed Frame has achieved a band B by combining 4mm annealed glass, 16mm
TPS spacer, argon gas fill and 4mm Pilkington K Glass along with a Speed
Frame envirowindow thermally efficient frame. Paul Spencer, Marketing
Manager, from Speed Frame comments: 'WERs are the way forward and to achieve
a B rating is tremendous. To provide homeowners with a B Rated window
with a hard coat low E product such as Pilkington K Glass gives customers
a distinct advantage and we are confident it will help them sell more
windows.'
A C rating was awarded to Mcllhattons standard casement window consisting
of KBE externally glazed three chambered window system, Pilkington K Glass,
argon gas filled cavity and Edgetech's Super Spacer. Andy Jones, Sales
Director and General Manager of Edegetech UK and Ireland comments: 'We
believe Window Energy Ratings are the future of the industry so were
pleased to see more companies take on the scheme to differentiate themselves.'
Masterframe was the first company in the UK to achieve a C Rating for
its sash window by incorporating Thermix Warm edge spacer bars, argon
gas filled units, Pilkington K Glass inner pane and low iron Pilkington
Optiwhite outer pane. Ramon Rabett, Technical Manager at Masterframe,
comments: 'Homeowners are familiar with the system and the BFRC Ratings
make great sales tools for installers. A C rated window provides consumers
with instant recognition that the window is energy efficient and can therefore
help to reduce fuel costs.'
Pilkington Optiwhite is particularly effective in helping windows to achieve
higher Ratings because the BFRC system takes into account the benefit
of useful solar gains and Pilkington Optiwhite can improve this without
any detrimental effect to U value.
Window Energy Ratings (WERs), developed by the British Fenestration Rating
Council (BFRC), take into account all the factors, which affect the energy
performance of a window and enable the window company to use an energy
label similar to that seen on white goods. This displays the products
Rating on an A to G scale.
The success of these companies is testament to the enduring popularity
of Pilkington K Glass. It is the most widely recognised consumer glass
brand and it will continue to help windows fulfil the requirements of
Part L for many years yet.
For more information e-mail: Pilkington@respond.uk.com
or telephone the Technical Helpline on 01744 692000.
Web: http://www.pilkington.com
Pilkington
Makes its Mark
CE
Marking became a reality on September 1st 2005. Glass used in buildings
now has to conform to technical standards called harmonised European Norms
(hENs) with the CE Marking label acting as a legal declaration that the
product meets certain performance claims. The benefit is that it will
allow easier comparison of products across European markets.
The hENs remove technical barriers to trade for construction products
and a unique standard will exist for each of the major glass types/groups.
These standards will supersede any previous national standards and the
first group of products applicable for CE Marking include basic soda lime
silicate (e.g. float, wired, patterned, etc.), coated, toughened and heat-strengthened
glass.
Pilkington, as a member of the Association of European Flat Glass Manufacturers
(GEPVP), is committed to supporting and enacting the various initiatives
and directives required to ensure its products are CE Marked.
While a series of comprehensive series of tests has been undertaken to
ensure its products comply with the respective hENs, Pilkington is also
raising awareness of CE marking to ensure the implications for its customers
are fully understood. As part of the key customer communication process,
Pilkington will provide information which explains the requirements of
CE marking in some detail. The new standards will provide an opportunity
for all to prove the performance of their products on a European scale.
Pilkington has issued a letter outlining its support for CE Marking and
to clarify its position. This will be accompanied by a basic Q leaflet,
which answers the key questions on the subject. This will be sent to all
customers to provide them with information on the standards and what the
requirements will be for compliance.
Product performance data will be accessible online and a dedicated email
address has been created to enable customers to submit questions on European
Standards and CE Marking: CE.Marking@pilkington.com.
GEPVP has produced guides to various aspects of CE Marking to assist the
glass industry. Publications can be downloaded from the GEPVP website
at http://www.gepvp.org.
Web: http://www.pilkington.com
All
Tooled-Up for Roadshow Success
A
chance meeting at a trade show last summer has paved the way for a partnership
which is bringing a number of benefits to customers of Eurocell Building
Plastics.
When Eurocell's Eastern Divisional Sales Manager Kevin Dunderdale saw
a stall manned by Transtools of Hunmanby, near Filey, he suggested the
company join the Eurocell Building Plastics Roadshow, a new initiative
launched this summer.
All the tools on display relate to our industry and show what can
be done with our products so it was a good opportunity for both of us,
said Kev. Since then the company has been accompanying the roadshow
and supplying tools to a number of our customers. They've done a good
job for us.
Transtools, which has also supplied the raffle prize - a De Walt cordless
drill - at the Eurocell open days, specialises in selling hardware and
tools via the internet. This includes air tools, automotive equipment,
batteries and chargers, builder's tools, clothing and footwear, corded
power tools, cordless power tools, diamond and abrasive equipment, electrician's
tools, garden and outdoor supplies and door/window accessories.
Company Director Paul Topham said: We have a strong on-line presence,
which people can look at at any time to see how competitive our prices
are. But it's good to get out and about, make new contacts and meet the
customers face-to-face. We had a very good day at the first Eurocell roadshow
in Grimsby and are looking forward to building on this.
Tel: 01773 842395
Email: david.wigley@eurocell.co.uk
Sash
UK Unveils First Companies in Fitrite Network
Sash
UK Ltd has unveiled the first 15 companies that will form an exclusive
network providing UK homeowners with access to a home and garden improvement
product that has become a phenomenon across America.
Hailed as a major breakthrough in landscaping and garden design, the company
says that Fitrite® decking fencing combines the latest materials with
the modern homeowners desire for high-end luxury design and appearance.
The use of modern materials allows the creation of a luxury outdoor space
that can be easily accessed without the necessary rolling maintenance
associated with traditional timber products.
Combining strength and flexibility, Fitrite® decking fencing allows
the incorporation of the latest garden design trends.
Commenting on the unveiling of the UK network David Ruzicka, Managing
Director of Sash UK said:
'We're delighted to welcome all the companies on board at what is a truly
exciting time.
'When I became aware of the phenomenal rise of this product in the States,
I was completely blown away. For the first time it became possible to
create a space in your garden you wanted to enjoy and show off, without
the stress and cost of continual maintenance.
'Following the negotiations to secure the exclusive rights for the UK
market, we wanted to ensure we had the very best team on the ground to
deliver exactly the right design solution for each of our customers. With
these companies on board we've done just that.'
Following it's unveiling in the UK for the first time, Fitrite decking
fencing received widespread acclaim that saw massive interest from companies,
from every corner of the country, keen to be selected as part of the UK
network.
Determined to ensure that only elite companies form the network, Sash
UK has held detailed and thorough discussions with every applicant resulting
in an initial group of chosen organisations that truly reflect the best
of the best.
Each of the 15 companies appointed as a member of Sash UK's 'approved
fitter' network, has seen staff begin a programme of continual training
that will enable them to offer homeowners luxury design through product
installation that is guaranteed for five years with a view to introduce
the latest 3D-modelling software in the next three months.
Full details of the wide range of the Fitrite® decking fencing products
and design solutions are available from Sash UK. Tel: 0845 402 5502.
Flat
Glass has Begun to Turn Around says Vitro
Vitro
S.A., producer and distributor of glass products, has announced 3Q 2005
unaudited results. Consolidated sales rose 6.1% year on year. Excluding
divestitures of Vitro American National Can in September 2004 and Plasticos
Bosco in April 2005, consolidated sales rose by 9.5% during the same period.
Consolidated
EBITDA rose 9%, resulting in a margin increase of 0.4% to 16.1%. On a
comparable basis, consolidated EBITDA rose 11%. Comparable EBITDA rose
33.3% at Glass Containers and fell 14.8% at Flat Glass and 9% at Glassware.
Alvaro Rodriguez, Chief Financial Officer, commented: 'This was a very
good quarter, with YoY growth in both sales and EBITDA. In fact, we posted
record comparable consolidated sales of US$624 million. Glass Containers
continues to outperform, with sales of US$281m and EBITDA of US$63 million,
both figures the highest for the division in the Company's history.
'Flat Glass turned in strong QoQ results, with EBITDA up 30%. We believe
that the worse is behind us and Flat Glass has begun to turn around. We
are now seeing the initial success of our plan to improve profitability.
'Natural gas is still a critical issue that is impacting a lot of companies
worldwide, including glass companies. As a result, we continue to focus
on maintaining a strict cost management across our business. In fact,
in 3Q05 as a result of the steps that we have taken, SG&A as a percentage
of sales fell by 1.1% year-over-year on a comparable basis.
'We are moving ahead with our strategic plan aimed at significantly reducing
Holding Company debt and continue to make progress. On September 26th,
we announced the successful closing of two Credit Facilities for US$150
million with an eighteen month maturity.
'This was the first step of the plan, which provided the immediate liquidity
required to continue with the evaluation and further implementation of
our strategic plan.
'On October 11th, we offered for sale two buildings and land belonging
to our corporate headquarters. Keep in mind that these are just the first
steps of our plan. This quarter we reduced debt at the Holding Company
by US$55 million to US$454 million from US$509 million in 2Q05, and we
are fully focused on reaching our objective of signifrcantly reducing
Holding Company debt.'
Schüco
Ventilation System is First to Meet New EN Standard
New
from building envelope specialist, Schüco International, is Schüco
SHEVS, a smoke and heat ventilation & extraction system which the
company says is the first complete system offering on the market to meet
the EN 12101 standard that will become statutory throughout Europe in
2006.
Schüco SHEVS is expected to be popular with architects wishing to
future-proof their buildings against the new, stricter regulations. Schüco's
system, comprising the window, actuators and controls, offers extensive
choice not only in the range of window systems, but also in types of actuators
and accessories. With 50 different options available, Schüco says
that its range of EN-compliant SHEVS windows is unrivalled.
In the event of a fire, sensors automatically trigger the actuator and
the window opens, helping to remove heat and smoke (the cause of most
deaths). In turn this facilitates the work of the rescue services, increasing
the efficacy of emergency exits by keeping them smoke-free and reducing
the damage to the building fabric.
Also a practical proposition for normal ventilation and building climate
control, Schüco SHEVS is applicable right across Schüco's widely
specified Royal S and Royal C window systems (including Royal S 106D roof
vents) whether inward- or outward-opening, top-, bottom- or side-hung.
A particular bonus of the new Schüco SHEVS solution is the partnership
of Schüco with SE Controls, a leader in its field of ventilation
control, who is able to offer the companys expertise to assist in
specification, installation, commissioning and maintenance. A 24-hour
emergency service can also be provided as part of the package.
For more details of SHEVS including relevant trade literature, contact
the Marketing Department. Tel: 01908 282111 or visit the website: http://www.schueco.co.uk
House
of Horrors Turns into Dream Home
A
Yorkshire couple whose dog was blamed by builders responsible for serious
faults with their dream home have been given a helping hand by West Yorkshire
Windows and the team at ITV's House of Horrors.
The Wakefield-based window and conservatory company stepped in to help
Jayne Jones and her husband Ashley after Oak Lodge Construction, who built
their specially designed bungalow, claimed the Jones' Rottweiler Amber
was to blame for condensation forming in the conservatory and water gathering
on the floor!
West Yorkshire Windows' Managing Director Matthew Glover visited the couple's
property and after identifying the problems left by Oak Lodge, set about
installing brand new doors, windows and conservatory.
Jayne and husband Ashley had the property in Staincross, South Yorkshire,
built with the aid of a six figure compensation package awarded to Mr.
Jones after a work accident when a 1.5 ton electric motor fell on him,
leaving him wheelchair-bound and suffering from epilepsy.
However, the couple were left devastated when Sheffield-based builders
Oak Lodge Construction went into administration owing the couple £79,000
in remedial work for 180 serious faults to their new home.
The couples' plight was picked up by the national press which in turn
alerted the team at ITV's House of Horrors TV show, which exposes unscrupulous
tradesman and gives consumers tips on how spot a 'dodgy' builder.
The TV show asked West Yorkshire Windows, which has also helped out on
DIY SOS and Carol Vorderman's Better Homes, to give its advice on the
problems affecting the Jones's property, and what could be done to fix
it.
After identifying what was wrong with couple's windows, doors and conservatory,
West Yorkshire Windows then set about replacing the entire house with
its own award-winning products, helping to get the couple back on the
road to repair and absolving Amber the Rottweiler of all blame.
Matthew Glover, Managing Director of West Yorkshire Windows, said: 'The
workmanship on the property was very poor and illustrates how careful
you have to be when employing people to carry out any work on your property.
'We are delighted to be given the opportunity to help the Jones' get their
home on the road to repair with our contribution, and we can guarantee
they'll have no problems with our work, and if they do, we certainly won't
blame the dog!'
West Yorkshire Windows, JCI Wakefield Business of the Year 2005, was founded
by Matthew and Andrew Glover in 1994 out of a small outlet in Middlestown,
Wakefield with just £200. It has grown to become Yorkshire's premier
conservatory showroom and installer with an annual turnover in excess
of £5m. The company has also featured in BBC and ITV DIY programmes,
such as Carol Vorderman's Better Homes and DIY SOS.
Tel: 0800 026 44 55
Web: http://www.westyorkshirewindows.com
GRP
Composite Doors Attracts Local Authority Interest
New
World Developments says that since using Edgetech's advanced Super Spacer®
technology in the manufacture of GRP composite doors, it has had a constant
flow of interest from various local authorities. Having recently won a
contract to install 240 Apeer doorsets with another 400 already in progress
for Sefton Borough Council, business is set to increase.
Linda Tomb, Marketing Manager of New World Developments explains: In
just one year we have had a great deal of interest from other local authorities
including The Northern Ireland Housing Executive, which is Northern Ireland's
main supplier of social housing; Offaly County Council and Sefton Borough
Council.
New World Developments was one of the first companies in the UK to see
the benefits of Super Spacer. A lot has happened since we started
using Super Spacer, continues Linda. Our annual turnover has
increased 41% on last year. We have increased investment in machinery,
our transport capacity has doubled, and we have taken on more staff to
stay ahead of the increasing demand. We are continuing to develop products
and have just launched our single rebate door, Monno, which we expect
to be a winner as well. Future developments include a fire door.
Tel: 02476 705570
Reflex Uses Super Spacer
'Conservatory
roof fabricators have been quick to recommend reflex conservatory roof
glass to its customers as the perfect solution for conservatory glazing.'
Said Chelsea at Sky-Vent.
'Now customers can have reflex glass supplied direct to site along with
their roof kits without the need to source glass sizes and deal with two
suppliers. Over 50 reflex roof packs a week are now being distributed
in the UK; sales of reflex have been massive this summer.
'Available in Clear and subtle blue tint (not reflective purple) the blue
tint is the most popular as the azure tint is easy on the eyes and not
too dark.
'With many other conservatory roof fabricators enjoying the benefits of
such a strong branded product name reflex is a true conservatory roof
glass product with unbeatable value for money and specification. Reflex
glass units now use warm edge spacer bar technology, improving U-values
and sound insulation from traffic and rain. Condensation is eliminated
with the high tech metal free spacer bar system.'
Contact Chelsea @ Sky-Vent Ltd on Tel: 01902 450 815 for more details.
Lister
Offers Thermals this Winter
Lister
Trade Frames of Stoke on Trent is one of the latest Ultraframe Fabricators
to offer customers the new Thermal Chambered Top Cappings on their conservatories.
After record sales showing a 30% increase during the first six months
of the year, Listers has now given its conservatory division an even bigger
boost for this winter by upgrading the classic roof systems insulation
properties.
The new cappings create a conservatory roof that the company says offers
increased thermal performance which is some 4°C warmer than
'so called' similar systems when used under the same test conditions.
The PVC top cappings trap air in expertly designed air pockets to enhance
the thermal efficiency. This virtually eliminates cold bridging and condensation.
Furthermore, the new profiles offer enhanced torsional rigidity to resist
bowing and twisting, which is even more significant when foiled product
is specified. This means better thermal performance during the colder
months of the year and increased rigidity as temperatures rise in the
summer.
Darren Pusey, Listers Production Director, says that this increased
thermal efficiency also prepares customers for the anticipated changes
to Building Regulations. Our new roofs offer 18% better thermal efficiency
(U value) than the old top cappings and up to 40% better than competitor's
offerings.
Another benefit Says Darren is due to the construction
of the new caps, bowing and twisting is resisted, reducing call backs
and eliminating the need for the more expensive thermally inefficient
aluminium top cappings as recommended on other roof systems.
Discreet gaskets and a more rigid profile mechanically clamp the glazing
material into place for added security and to reduce the chance of slippage.
Plus 35mm polycarbonate can now be used.
With the choice of 2 designs: Bevel and Dome, improved thermal properties,
and all offered at no additional cost to customers, Listers says that
it really has given its customers some extra selling points for this winter.
Tel: 01782 205605
Web : http://www.listertf.co.uk
Karnaval
Spreads its Network
Colour
coating specialist Karnaval Group Ltd continues to expand its network
of approved applicators with additional professional spraying services
now available in the South West, Midlands and the North.
New
customers in Bristol, Birmingham, Doncaster and Rochdale are among the
latest recruits to the national network who have undergone specialist
training at Karnaval's Swansea base and are now able to offer coating
facilities to clients in their local areas.
We are pleased to welcome our latest applicators on board,
comments Karnaval's Sales Manager Brian Saunders who says enquiries have
been steady throughout 2005 as window companies seek to widen their offering
and choice of colour to homeowners.
Growing trends in the use of colour for PVC-U products, in particular
conservatories, are giving window companies fresh opportunities to increase
sales in their marketplaces by offering greater choices in the appearance
and appeal of their products.
This is especially true for conservatories where customers are no
longer restricted to the traditional limited choice of white or woodgrain
finishes. Instead we are seeing more creams, greens and even blacks, as
people become more aware of how the creative use of colour brings a new
level of individuality and appeal to all types of installations in both
domestic and commercial applications, continues Brian.
Whether the aim is to blend in or contrast with the home and garden,
we are noticing more and more people are considering a variety of options
that they were either previously not aware of, nor thought possible. Colour
makes for an exciting change.
Applicators joining the Karnaval network are given full training in all
aspects of the durable coating process, from initial preparation to final
curing, using the Karnaval Kolor fully weather-resistant product. Quality
control is strictly monitored throughout the whole process and extra guidance
is always available where required. Karnaval also provides comprehensive
sales promotion literature for all its customers.
Applied in a wet-spray operation under quality-controlled conditions,
Karnaval Kolor can be used on a wide range of materials, including PVC-U,
from doors and windows to roofline products, such as guttering and fascias
for a complete co-ordinated exterior appearance.
Because the UV-stabilised finish bonds chemically and physically with
the substrate, it will not crack, flake or peel and is guaranteed for
ten years. The end result is a low maintenance and smart appearance that
will retain its good looks for years to come without the need for time-consuming
and expensive re-painting.
Meeting all relevant British Standards in the coatings industry, Karnaval
Kolor has superior weathering and colour stability characteristics. Any
colour can be created, from RAL or BS colours to unique shades, using
advanced colour-matching technology.
Karnaval's customer service also includes full technical support, advice
and training. For further information contact Brian Saunders, Sales Manager
on 0800 1979700 or visit the website at http://www.karnavalcoatings.com.
Securistyle Secures 10% Austenitic Sales Increase
Latest
figures reveal that Securistyle, the UK window hardware manufacturer,
has seen its annual sales of austenitic hinges soar by 10 per cent.
This boom in sales signifies that in a tough market the key to success
is the right product range manufactured from durable material. Hinges
manufactured from austenitic stainless steel are more durable and less
prone to corrosion than ferritic alternatives.
Nigel Thompson, sales director at Securistyle says: 'We expect this upwards
trend to continue particularly as we have just made some significant improvements
to one of our best selling domestic hinges, the Defender Egress Easy Clean
hinge.
'We are committed to a continuous product development programme, which
is always one step ahead of regulation changes in the market place, and
utilises the very latest manufacturing technologies. The changes we have
made to the Defender Egress Easy Clean hinge will help it to retain its
position as market leader.'
'Customers are increasingly looking for quality products that perform
well in the long term and that means products that have been manufactured
from austenitic stainless steel.'
Thompson adds: 'Our customers have known for many years that we have the
expertise to produce the highest performing window hardware but we know
the market demands much more than that. This is why we have committed
extensive time and resources to help fabricators and installers to get
the full benefit of buying from Securistyle.'
Securistyle provides support for fabricators and installers at every stage.
This includes technical advice to help them select the right hardware
for the project, high levels of customer service and an aggressive product
development programme.
'This, coupled with the highest quality products, our established relationships
with systems companies and the technical support from our specification
team is becoming ever more important to our customers,' adds Thompson.
Rehau and Window Widgets Sign Supply Agreement
Rehau
has signed an agreement with Window Widgets Ltd for the supply of a range
of specially designed structural coupling posts for its REHAU-Dimension
complete conservatory superstructure system.
The
posts will be bespoke to Rehau and will be used in REHAU-Dimension with
existing Rehau window and door systems and the new REHAU/Wendland conservatory
roof.
Alan Hickman of Rehau commented on the agreement: In our search
for provable structural integrity for the whole conservatory superstructure,
we recognised very early on the need for these types of posts and realised
that Window Widgets' existing products and the design principles they
incorporate were very close to what we needed. Rather than running the
risk of infringing Window Widgets IP, we approached the company to reach
an agreement and naturally we are very pleased that Window Widgets has
agreed to work with us.
Speaking on behalf of Window Widgets, owner and MD Dan Gill said: We
are proud and excited to have been chosen by Rehau to design and supply
the coupling posts for REHAU-Dimension. The companys concept for
a structurally proven conservatory superstructure system is exactly what
our market is missing and we are sure it will be a tremendous success.
Dan added: Window Widgets had already invested a lot of time, money
and effort in designing our unique range of versatile coupling posts for
the window and conservatory markets and we were already enjoying great
success in selling our products throughout the market - even before this
venture with Rehau.
Rehau's requirements were demanding, but between us we have solved
the technical issues and the resulting posts, although similar to our
original range in their fundamental design principles, will be bespoke
to Rehau and have been approved by Rehau 's structural engineers.
The PVC-U cover caps to clad the aluminium posts will be produced in Rehau
matched compound and will carry Rehau protective tape, ensuring that they
are a perfect match for the Rehau windows, doors and roof. An additional
benefit for Rehau customers is that they can also be used in porches,
bay, bow and ribbon window construction.
Tel: 01989 762600
Continued
Favourable Growth for the Trelleborg Group
During
the third quarter of 2005, the Trelleborg industrial Group increased its
net sales to SEK 5.846 M (5.460). Organic growth was approximately 4 percent.
Operating profit rose to SEK 425 M (383). For the third quarter, all five
business areas reported increased net sales and improved operating profits.
During the third quarter, net sales rose to SEK 5.846 (5 460), and during
the period January September to SEK 17.988 M (17.383).

Peter
Nilsson was appointed as the new President and CEO of the Trelleborg Group
effective October 1st, 2005. CFO Bo Jacobsson has been appointed First
Executive Vice President of the Group. Lennart Johansson has been appointed
the new Business Area President for Trelleborg Engineered Systems.
Following the close of the period, an agreement was signed regarding the
acquisition of the operations of Chase-Walton Elastomers Inc., with annual
sales of approximately SEK 100 M and about 110 employees in Hudson, Massachusetts.
The company manufactures precision seals, primarily for the aerospace
industry.
The focus on growth in Asia has been further strengthened and several
initiatives have been taken to increase presence and production capacity.
The construction of Trelleborgs new plant in Shanghai, China has
begun. At the same time, production capacity is also being extended in
India and Sri Lanka.
As a consequence of successful efforts during the year to focus Trelleborg
as a streamlined industrial group with the business concept of damping,
sealing and protecting in demanding industrial environments, Morgan Stanley
Capital International (MSCI) has reclassified Trelleborg as belonging
to the 'Industrial' sector.
EFCO Furnaces Installation at C&S Glaziers
Encouraged
by the high demand for toughened glass, the UK tempered glass processing
market is currently being targeted by Chinese and European equipment manufacturers.
According to EFCO Furnaces, glass processors, tempted into installing
low cost imported equipment, may find this a false economy as the latest
developments and 'peace of mind' provided by UK manufacturers are bringing
significant cost and quality benefits to its customers. Doug Harvey of
EFCO Furnaces (2002) Limited illustrates this by following a recent installation
at C&S Glaziers.
Brian
Clarkson, Managing Director of C&S Glaziers has, through hard work
and by keeping abreast of trends in the glass industry, seen business
grow since it was formed in 1967. Originally just supplying replacement
glass and single-glazed units to the general public and building contractors
in Wales and North West England, the company moved into double glazed
unit production in the 1980's - taking advantage of the growth in new-build
housing.
The demand for glazed units fitted with toughened glass grew steadily
but Brian was unwilling to install his own toughening facility because
of the noise complaints he knew would inevitably follow. C&S Glazier's
facility is surrounded by houses and having visited sites where glass
is toughened, he knew the high levels of noise the equipment generated.
Glass was therefore sent out for toughening but controlling production
and quality was a problem. Delays, breakages, variable quality, remanufacturing,
and delivery/collection costs were damaging the company's reputation and
profits.
Matters came to a head when Document L began to be fully implemented,
said Brian. This really pushed the boundaries out. Demand for units
with toughened float and Low 'E' glass rose dramatically, so I knew we
had to toughen our own glass or face the consequences.
He did not want to move production, so when he visited a glass exhibition
last year he made a point of meeting all the glass tempering machine manufacturers.
We then received proposals from UK, Italian and Far Eastern manufacturers.
Most just wanted to sell us a machine - only EFCO Furnaces seemed willing
to work closely with us to first understand our problems, then supply
a tempering system that would meet our requirements.
As an example, our primary concern was that we must contain the
noise. By using its experience and by working with us and acoustic specialists,
along with the companys proposal for a glass tempering machine,
EFCO presented us with a customised design for a booth which it was confident
would reduce noise to acceptable levels.
This
is typical of the 'extra mile' the company was prepared to go and although
it was not the cheapest tender, its willing attitude, track record and
the fact it was a UK company with an excellent nationwide service network,
swung it for us. An oscillating glass-tempering system with a 3000mm x
1500mm load area, capable of producing toughened glass from 4 -19mm thick,
was therefore ordered.
EFCO was able to assure this customer that the running costs and throughput
would be comparable with competitive equipment. As it transpired, throughput
was well in excess of that promised thanks to a number of new product
developments.
Aspirated Convection System
In order to enable processing of the latest generation of toughenable
hard and soft coated Low E glass, at rates almost comparable to float,
and increase the quality and processing speed for other glasses, the EFCO
machine included a recently developed air aspirated convection system.
This comprises an air compressor and receiver which feeds dried and filtered
air onto the glass being processed through aspiration tubes located in
the upper and lower furnace section. The pressure, position and duration
of the air streams is controlled by an integrated software package via
proportional control valves.
Operator Interface Screen and Software
The system is supplied with EFCO's newly upgraded graphical Windows based
operator control station and system software to optimise throughput and
produce high quality glass. Up to 1000 recipes can be identified as descriptive
file names and screens provide the operator with information on plant
condition with pyrometric graphs assisting quality control. Enhanced and
simplified fault alarm and machine condition pages ensure that the operator
always has full knowledge and control of plant status.
Insulation and Heating Element Design
Developments in low thermal mass insulation materials and increased side
wall insulation where rollers pass through the furnace side walls, has
reduced heat losses. This has resulted in more stable furnace temperatures,
lower energy costs and quicker heat up times. In C.S.Glaziers case,
the heating elements automatically switch on at 6am each morning and when
operators start work some two hours later, the furnace is ready to start
producing toughened glass.
In
conclusion Brian says: We are delighted with our new toughener.
With EFCO's help we have created a facility which is so well protected,
acoustically that even when standing next to the booth, you can hold a
perfectly normal conversation - our neighbours don't even know we have
a temperer running.
We are also achieving throughput well in excess of EFCO's promises.
Toughened 4mm thick soft coated glass in just 204 seconds, 'K' glass in
157 seconds and float in 142 seconds.
And the quality is so good - Even we find it difficult to tell between
our toughened and standard float glass and our breakages are insignificant.
When Saint Gobain engineers used the furnace for toughening tests on Solaglas,
they couldn't fault the results.
We have such confidence in our product that we have decided to mark
and sell it under a new brand - Tuff Cymru Glass - with a red dragon logo
of course. We expect a return on this investment of under five years,
but this is only one issue for us. We were seeking to regain control of
our production and enhance our reputation for fast turnaround and quality
and we have achieved this.
I have only one complaint - Why didn't I talk to EFCO five years
ago!
Contact:
Doug Harvey
Tel: 01932 350534
Volkswagen Touareg Wins US Department of Defense Challenge in Mojave
Desert
A
very special Volkswagen Touareg completed a 130-mile cross-desert race
in record time winning one of the worlds toughest automotive challenges.
But there was no podium celebration or champagne for the driver - the
global competition was for hi-tech driverless cars.
The
product of a collaboration between the Volkswagen Electronics Research
Laboratory (ERL) and Stanford University, the winning Touareg (nicknamed
'Stanley') covered the course in 6 hours, 53 minutes and 8 seconds - 11
minutes and 42 seconds faster than the nearest finisher.
A total of 23 vehicles began the challenge which took place over 130-miles
of desert roads, mountain trails, dry lakebeds and tunnels using only
on-board sensors and satellite navigation equipment with no human assistance.
The course was revealed on the morning of the start and rules stipulate
it must be completed in under 10 hours - the Touareg managed this easily
with over three hours to spare.
The mobile laboratory, Stanley, navigated the course using countless devices
- numerous sensors around the vehicle tell the seven networked Pentium
motherboards with 1.6 GHz processors what the vehicle is doing. Simultaneously,
laser detectors, stereo visual equipment and short range 24-GHz radar
systems link to the millimetre accurate Global Positioning Satellite (GPS)
system.
The networked processors combine all the data to produce the quickest
and safest route for the vehicle. This information is fed to newly developed
'drive by wire' systems operating the brakes, accelerator and steering.
Electronics apart, the standard Touareg was more than up to the rugged
Mojave terrain, the only differences being underbody protection plates
and uprated suspension dampers.
The Grand Challenge hails from the Pentagon and the US Department of Defense
offer a $2million prize for the winning vehicle. The first Grand Challenge
ran in 2004 with a $1million prize. Despite some strong entries, not one
vehicle finished the inaugural race; the furthest travelling vehicle managed
just over seven miles.
The research involved in creating Stanley will lead directly to safer
and more responsive assistance systems for Volkswagen vehicles, rather
than a completely autonomous vehicle. The aim is to make driving even
safer in the future.
Components used within Stanley are not far removed from current vehicle
technology - the short-range radar system is a development of the Adaptive
Cruise Control (ACC) currently available on Passat. This system recognises
dangerous situations using radar measurements and activates the brakes
as a precaution.
Linde
Q3: Increases Earning Power and Refines Forecast
In
the first nine months of fiscal 2005, the technology group Linde achieved
a 7.8 percent increase in sales based on comparable prior year figures
to 6.833 billion euros (2004: 6.337 billion euros), an 18.6 percent rise
in incoming orders to 7.903 billion euros (2004: 6.663 billion euros)
and a 17.5 percent improvement in operating profit (EBITA) to 590 million
euros (2004: 502 million euros).
Earnings before taxes on income (EBT) increased by 25.3 percent to 496
million euros (2004: 396 million euros), while net income improved by
22.4 percent to 311 million euros (2004: 254 million euros). There was
a corresponding increase in earnings per share by 22.1 percent to 2.60
euros (2004: 2.13 euros).
Based on comparable prior year figures, Linde expects that for the whole
year 2005 it will achieve an increase in Group earnings of at least ten
percent over the previous year and a rise in Group sales.
The following business trends emerged in the individual divisions in the
nine months to September 2005. Linde Gas achieved sales of 3.278 billion
euros, which was an increase of 10.8 percent on the figure for the corresponding
period in 2004 of 2.958 billion euros. EBITA rose 11.9 percent to 519
million euros (2004: 464 million euros).
Sales in Linde Engineering increased by 9.8 percent to 1.136 billion euros
(2004: 1.035 billion euros), while incoming orders of 2.002 billion euros
also significantly exceeded the figure for the previous year of 1.230
billion euros. EBITA rose by 52.8 percent to 55 million euros (2004: 36
million euros).
The Material Handling business segment achieved a 5.5 percent increase
in sales to 2.545 billion euros (2004: 2.413 billion euros), while incoming
orders rose 7.7 percent to 2.724 billion euros (2004: 2.529 billion euros).
EBITA showed a 14.7 percent increase over the previous year to 125 million
euros (2004: 109 million euros).
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