General Information
The company has a double-A rating on its commercial paper, borrows at the prime lending rate, and handles debt carefully. Some years ago, the company re-purchased its outstanding common stock and is now a private corporation. There is no common stock outstanding. This purchase of common stock was partially financed by a loan from a major bank in Belgium. About 35% of company revenues are derived from joint ventures in Europe and Asia and our two non-domestic plants.
Looking Glass has ten plants operating seven days a week. Most are on 14 shifts. The company is now beginning the second quarter of the fiscal year.
Looking Glass has both union and non-union facilities.
Accrual accounting rather than cash accounting is used. In this method, expenses of a period are associated with the revenues of that period and do not relate to actual cash disbursements for those expenses.
Plant Locations:
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Advanced Products Division
Capacitors - Augusta, Georgia
LCD Glass - Santa Clara, California
Optical Fibers - Buffalo, New York -
Industrial Glass Division
Auto Glass - Findlay, Ohio
Specialty Glass - Towson, Maryland
Glass Piping - Lynchburg, Virginia
AlanBrooke Glassworks Ltd. - Birkenhead, England -
Commercial Glass Division
Lighting Products - Joplin, Missouri
Flat Glass - Cairo, Illinois
LG Coatings - Shenzhen, China