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Tag Archives: Ukraine
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
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
Koch Industries is asking employees of one of its subsidiaries, Guardian Glass, to shut down two plants in Russia. Koch and Guardian say they are working on an exit strategy to ensure the safety of plant employees. Click here to … Continue reading
Expect to see the average cost of gasoline hit $5 per gallon by the peak driving season if the Russia-Ukraine conflict isn’t resolved soon, says one strategist. Click here to read more.
The U-turn by China’s top ride-hailing app was swift and decisive, reflecting the delicate balancing act Chinese businesses must grapple with concerning their Russian operations. Click here to read more.
The war between Russia and Ukraine has put lives — and businesses — on hold. Belron, which owns and operates Safelite AutoGlass and Safelite Solutions in the U.S., operates glass services under Carglass® in one location in Ukraine. In November … Continue reading
Local Russian production is expected to feel the greatest near-term impact as companies suspend operations. But, officials say, the longer the war continues, the higher the risk of ripple effects across the automotive industry. Click here to read more.
Is there still an auto glass industry in Ukraine? The conflict between Ukraine and Russia has affected not only the auto glass industry there but also in the United States. Abtockᴫo Pem lives and owns an auto glass shop in … Continue reading
As a company that operates in Ukraine, as well as in Russia and Belarus, REHAU Group has announced that it has “suspended … operations in Russia and Belarus until further notice.” In a company press release issued on Monday, March … Continue reading
Gasoline prices are expected to hit historic highs this week, fueled by a global supply squeeze and industry anxiety over the military crisis in Ukraine. Click here to read more.
Toyota Motor Corp. said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a supplier of plastic parts and electronic components was hit by a suspected cyberattack. No information was immediately available about who was … Continue reading
Cyber threats have been a concern for some time now, and the auto glass industry is not immune to them, with Mygrant Glass being the most recent company to suspect a hacking incident in January. Mygrant was in touch with … Continue reading