Posts Tagged ‘ Russia ’

A Look at the Top Ten Stories From 2022

Dec 29th, 2022

Workplace incidents, shop closures, the impacts of the war in Ukraine and no shortage of lawsuits made for an exciting, yet at times solemn, year of news for [DWM] in 2022. Take a look at the top stories from the past year as 2023 approaches. 1. Worker Dies in Accident at Cardinal Glass Church Hill […]

Guardian Glass Sells Plants in Russia

Jul 28th, 2022

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, says the exit strategy maintains the company’s commitment to employee safety while preventing the Russian […]

Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

Jun 17th, 2022

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. Door and window industry executives say the increase is necessary but it is likely to test companies’ resolve. Recording-Breaking Rates The rate hike is the […]

REHAU Group Sells Business in Russia

May 26th, 2022

After announcing in March that it would scale down its operations in Russia in a controlled manner, REHAU Group will now sell its business in the country to the local management and withdraw completely. REHAU, headquartered in Muri, Switzerland, wrote in a news release that it has been active in Russia for 30 years serving […]

NAHB Members Send Letter to Biden Warning of Housing Crisis

Apr 29th, 2022

More than 10,000 National Association of Homebuilders (NAHB) members from all 50 states, the District of Columbia and Puerto Rico sent a letter to President Biden on April 27, the organization reports, calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection […]

Koch Industries to Close Glass Plants in Russia

Apr 26th, 2022

Koch Industries, the parent company of Guardian Glass, is calling for employees to shut down its two glass plants in Russia as a number of factors related to the invasion of Ukraine have made continued operations “untenable.” However, employee safety is a continued concern even with the announcement. Writing in a news release, Koch Industries’ […]

United States, EU Throw Weight Behind Sanctions

Apr 5th, 2022

Financial sanctions have dealt a “pretty significant blow” to Russia, says Isabelle Icso, director of international policy at the U.S. Chamber of Commerce in Washington, D.C. More sanctions are likely on the way courtesy of the U.S. and the European Union (EU), all while markets rile, and businesses leave to protect their profits and reputations. […]

VELUX Group Permanently Closes its Operations in Russia and Belarus

Apr 4th, 2022

VELUX Group recently announced that it has decided to permanently close its operations in Russia and Belarus. The decision follows the company’s suspension of all activities in Russia and Belarus last month in connection with the invasion of Ukraine. VELUX Group says it will exit these two markets as soon as possible. All obligations to […]

Koch Responds: Here’s why it’s not Shutting Down its Russian Float Lines

Mar 31st, 2022

Two weeks ago, Koch Industries president and COO Dave Robertson was criticized by a number of mainstream media outlets for stating the company was not shutting down its two Guardian Glass float lines in Russia. Robertson said, “While Guardian’s business in Russia is a very small part of Koch, we will not walk away from […]

Supply Chain Nightmares

Mar 17th, 2022

Just when you thought the supply chain nightmare was starting to let up, a war breaks out in Ukraine. With the recent economic sanctions being put into place against Russia, how will this war exacerbate the global supply chain headaches that emerged last year, and is this a temporary crisis or one that will have […]

X
This site uses cookies which allow us to give you the best browsing experience possible. Cookies are files stored in your browser and are used by most websites to help personalize your web experience. By continuing to use our website, you are agreeing to our use of cookies. To find out more, please see our Privacy Policy.