Asahi Glass: Announcement of consolidation of glass frit paste divisions

Date: 6 February 2002
Source: Asahi Glass

Date: 6 February 2002

Asahi Glass Co., Ltd (Head Office: Tokyo, President: Shinya Ishizu) and its affiliated company, Asahi Techno Glass Corporation (Head Office: Funabashi, Chiba, President: Masayuki Katsumata) is consolidating its 'Glass Frit Paste' manufacturing operations effective as of 1st April 2002 in order to enhance operational efficiency.

Asahi Glass will be handling marketing/sales after the consolidation.

The companies' Glass Frit Paste business mainly comprises the manufacturing of glass powder, paste and moulding which is primarily supplied to automobile manufacturers and companies engaged in manufacturing of displays such as plasma display panels (PDPs), as well as electronic and telecommunication products. In keeping with the progress in environmental protection, it is necessary for manufacturers to develop new products that reflect these market needs such as lead-free. Thus, shorter time spans for product development and volume-production are essential, especially for rapidly expanding sectors such as manufacture of PDP, or electronic/telecommunication products Establishment of more efficient business structure for development, manufacturing and marketing/sales are urgently required.

Hence, the two divisions decided to consolidate their operations, aiming at establishment of business structure that enables quick response to market needs.

600450 Asahi Glass: Announcement of consolidation of glass frit paste divisions glassonweb.com

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