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British glassmaker Pilkington Plc's chief executive Paolo Scaroni said that he did not think Japanese glassmaker Nippon Sheet Glass Co Ltd would raise its stake in the company.

A. C. Engelfried, President of Ultrafab, Inc. and Y. Ohara, President of both Tsuchiya Company, Ltd. and its affiliate, Tsuchiya Tsco Company, Ltd., jointly announced today a long-term technology agreement.

Nippon Sheet Glass, a large Japanese manufacturer, has increased its holding in Pilkington, the UK glass group, from 10 to 21 per cent over the past fortnight, but has ruled out mounting a full bid.