Asahi Glass to Double Exports To $ 43 M

Date: 17 August 2006
Source: Mb.com.ph

Date: 17 August 2006

Asahi Glass Philippines, Inc. (AGP), a subsidiary of Asahi Glass Co. Ltd. of Japan, expects exports to double next year to $ 43 million from the projected $ 20 million this year following a strong exports for its solar glass covers.

Renato R. Ermita, who was recently elevated as chairman of AGP board after 47 years of service as president, told this to reporters at the inauguration and commercial operation of its new float glass manufacturing plant complex in Pinagbuhatan, Pasig, which was recently proclaimed by Malacañang as a special economic zone.

Of the projected $ 20 million AGP exports this year, $ 15 million would come from its solar exports and $ 5 million from other AGP glass products.

The company invested a total of $ 35 million of which $ 30 million were invested for the rebuilding and modernization of the float manufacturing plant and $ 5 million for solar glass cover production.

"We can now stand side by with the best glass makers of the world," Ermita stressed.

AGP’s newly appointed president Emmanuel Go said the new investments in the float glass has raised the float glass line capacity by 30 percent to 520 metric tons per day from 400 metric tons.

Its solar glass cover production, the lone solar glass plant in Asia, has a production capacity of 3.4 million square meters and are all geared for the exports market like China, India and other Asian countries, Go said.

Solar glass is a new high-value added export product used in flat plate solar collectors that covert solar energy to electrical energy. It has mostly industrial applications like.

By end of this year, the company would also produce new glass products to include the production of industrial glass for plasma display, automotive raw glass, the so-called showcase like transparent refrigerator doors, water heater panels and other industrial uses.

Read the entire news on the source link below.

600450 Asahi Glass to Double Exports To $ 43 M glassonweb.com

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment