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Apogee to invest in Viracon


January 31, 2013
By Apogee Enterprises

Feb. 1, 2013–Apogee Enterprises has indicated that it plans to invest in the manufacturing process of its architectural glass subsidiary, Viracon.
The 18-month project, which requires an investment of more than $30
million that will be spent during three fiscal years, will improve efficiencies
and allow Viracon to offer the new products required to strengthen its competitive
position.



Feb. 1, 2013–
Apogee Enterprises has
indicated that it plans to invest in the manufacturing process of its
architectural glass subsidiary,
Viracon. The 18-month project, which requires an investment of more than $30
million that will be spent during three fiscal years, will improve efficiencies
and allow Viracon to offer the new products required to strengthen its competitive
position.

Apogee is comparing the cost and benefits of making this
investment in one of Viracon’s two largest locations, either in Owatonna, MN,
or Statesboro, GA. As part of this effort, Apogee is pursuing state and local
support for both locations to ensure that the investment is made in the
location that best strengthens Viracon’s competitive position.

Viracon glass
creates the distinctive look of many buildings globally, including every major
project at the World Trade Center reconstruction in New York City; Petronas
Towers in Kuala Lumpur, Malaysia, among the tallest buildings in the world; and
the Xcel Energy Center, the University of Minnesota TCF Stadium, the
Minneapolis Central Library and Best Buy headquarters in Minnesota. Viracon
currently employs approximately 2,000 people in the United States, with more
than 1,000 located in Owatonna. Prior to the recession, it employed
approximately 3,000.

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Related Link
www.apog.com



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