diff --git a/src/industry_gui.cpp b/src/industry_gui.cpp
--- a/src/industry_gui.cpp
+++ b/src/industry_gui.cpp
@@ -107,6 +107,7 @@ static const NWidgetPart _nested_build_i
 	NWidget(NWID_HORIZONTAL),
 		NWidget(WWT_CLOSEBOX, COLOUR_DARK_GREEN),
 		NWidget(WWT_CAPTION, COLOUR_DARK_GREEN), SetDataTip(STR_FUND_INDUSTRY_CAPTION, STR_TOOLTIP_WINDOW_TITLE_DRAG_THIS),
+		NWidget(WWT_SHADEBOX, COLOUR_DARK_GREEN),
 		NWidget(WWT_STICKYBOX, COLOUR_DARK_GREEN),
 	EndContainer(),
 	NWidget(NWID_HORIZONTAL),
@@ -586,6 +587,8 @@ public:
 	{
 		this->DrawWidgets();
 
+		if (this->IsShaded()) return; // Don't draw anything when the window is shaded.
+
 		NWidgetBase *nwi = this->GetWidget<NWidgetBase>(IVW_INFO);
 		uint expected = this->DrawInfo(nwi->pos_x, nwi->pos_x + nwi->current_x - 1, nwi->pos_y) - nwi->pos_y;
 		if (expected > nwi->current_y - 1) {
@@ -794,6 +797,7 @@ static const NWidgetPart _nested_industr
 	NWidget(NWID_HORIZONTAL),
 		NWidget(WWT_CLOSEBOX, COLOUR_CREAM),
 		NWidget(WWT_CAPTION, COLOUR_CREAM, IVW_CAPTION), SetDataTip(STR_INDUSTRY_VIEW_CAPTION, STR_TOOLTIP_WINDOW_TITLE_DRAG_THIS),
+		NWidget(WWT_SHADEBOX, COLOUR_CREAM),
 		NWidget(WWT_STICKYBOX, COLOUR_CREAM),
 	EndContainer(),
 	NWidget(WWT_PANEL, COLOUR_CREAM),
@@ -836,6 +840,7 @@ static const NWidgetPart _nested_industr
 	NWidget(NWID_HORIZONTAL),
 		NWidget(WWT_CLOSEBOX, COLOUR_BROWN),
 		NWidget(WWT_CAPTION, COLOUR_BROWN), SetDataTip(STR_INDUSTRY_DIRECTORY_CAPTION, STR_TOOLTIP_WINDOW_TITLE_DRAG_THIS),
+		NWidget(WWT_SHADEBOX, COLOUR_BROWN),
 		NWidget(WWT_STICKYBOX, COLOUR_BROWN),
 	EndContainer(),
 	NWidget(NWID_HORIZONTAL),