Asahi Glass Selling Unit To Japan's DBJ-Sources

Date: 16 August 2007
Source: Reuters

Date: 16 August 2007

Reuters reported that Asahi Glass Co. Ltd. (5201.T: Quote, Profile, Research) is selling its unit Asahi Fiber Glass Co. Ltd. to the Development Bank of Japan (DBJ), as it slims down to better compete with Corning Inc. (GLW.N: Quote, Profile, Research), sources familiar with the deal said.





Tokyo-based Asahi Fiber Glass, capitalised at 6 billion yen



($51 million) and established in 1956, makes glass wool insulators and roofing materials.





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