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Spectrum Glass Co. to close doors

Post Time:May 26,2016Classify:Company NewsView:619

Spectrum Glass Co. has announced it will start the process of closing its operations, due to hard business and economic realities.

 

China Glass Network

Spectrum Glass Co. to close doors

 

The company will continue production for approximately 60 days, and will sell its existing inventory over the coming months.

 

Craig Barker, CEO of Spectrum Glass Co., shared this statement on the closure:

 

“Our primary concern is to help ease this difficult transition for the fine employees, customers, retailers, and glass artists that we’ve been proud to work with and serve. For customers and end users, we are exploring opportunities to transfer our product lines to other manufacturers to help minimize disruptions in sourcing. Market factors have played the most significant role. Our facility was built to support product demand at the height of art glass movement, but our sales never fully recovered following the Great Recession.”

 

“Additionally, the entire U.S. art glass industry is now being evaluated by the Environmental Protection Agency with respect to potential new regulations. Long-standing interpretations of air quality regulations are being reevaluated, and if new regulations were applied to our facility, it would require substantial capital expenses."

Source: www.glassonline.comAuthor: shangyi

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