Zeledyne to Exit Commercial Glass Production
January 27, 2010
Tulsa, Okla.-based Zeledyne announced today that it would exit
the commercial glass business this spring.
"The continuing difficulties in the economy have led to a
significant decrease in our commercial glass business and we have
decided to exit this business," says Robert Price, Zeledyne
Company spokesperson Della DiPietro advised the move is effective
"The construction industry has taken a big hit and we had
a significant loss of revenue last year, and we, as many in the
market, expect that the severely depressed construction industry
will continue to suffer in the future," DiPietro told USGNN.com
The company's automotive business will not be affected by the closing
of the commercial line, DiPietro said.
"That plant has fabrication operations for automotive glass
and those will continue," she said. "The plant's not shutting
One industry source, who wished to remain anonymous, commented
on the announcement, "One of Zeledyne's challenges was that
glass manufacturers are moving to more energy-efficient offerings
including solar, and that requires a huge investment that wasn't
feasible in this economy."
The anonymous source added, "There is some speculation that
this positions Zeledyne for a possible sale of its automotive glass
holdings. Zeledyne has one ace in its hand with its Ford contracts,
which would make a sale attractive. The other thing this does is
it reduces capacity in some areas, which in the long run might make
for a healthier industry."
Zeledyne announced its purchase of Ford Motor Company Automotive
Components Holdings (ACH) glass business in April 2008. CLICK
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