Pilkington Hit By Asahi Glass Comments?

Date: 2 February 2006
Source: Newratings.com

Date: 2 February 2006

Pilkington (PILK.LN) could come under pressure from Asahi Glass's (5201.TO) reduction in '05 operating income for its glass division, traders say.

They point to the fact Pilkington also operates globally and note Asahi's comments on high raw material and energy costs. Analyst agrees some readacross to Pilkington is justified but feels it's only energy costs that are likely to have hit the company. Even then, a surcharge levy in Europe, where additional energy costs are passed on to customers, means the impact is minimal. Pilkington trades -0.6% at 155p.

600450 Pilkington Hit By Asahi Glass Comments? glassonweb.com

See more news about:

Others also read

NSG Group is pleased to announce that Pilkington United Kingdom Limited, part of NSG Group, intends to use green hydrogen at its site and scale its production of low carbon glass from 2027, under pioneering new plans with Grenian Hydrogen.
Pilkington Nederland BV has recently taken a significant step forward in quality assurance by incorporating the Sparklike Laser Portable™ into their production process.
The Annual General Meeting of BV Glas (Bundesverband Glasindustrie) has elected Christian Quenett its President for the next two years.
FGC Group is expanding its presence in the glass market by acquiring Pilkington Glass Russia, STiS Group, and other assets of the NSG Group in Russia.

Add new comment