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Glassmaking thrives offshore, but is declining in U.S.

Post Time:Jan 19,2010Classify:Industry NewsView:107

The decline of glassmaking in America started gradually in the 1990s and accelerated during the Great Recession. What’s more, the big companies, like Corning and Guardian Industries, say that even as the economy improves, they are unlikely to bring domestic employment and production back to prerecession levels. Imports, for one thing, inhibit sales. And bigger profits lie abroad, so they are channeling investment and expansion to their overseas factories.

“Those who are looking through the rearview mirror, waiting for the glass industry in this country to come back, should know it isn’t going to come back, not the way it was,” Russell J. Ebeid, Guardian’s chairman, said in an interview, according to a Jan. 18 article in The New York Times.

Source: http://www.glassmagazine.com/news-item/commercial/glassmaking-thrives-offshore-declining-usAuthor:

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