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Asahi Glass Co said Wednesday it chalked up a record-high group net profit of 78.29 billion yen on sales of 1,475.73 billion yen, also a record-high, in the business year to Dec 31, 2004.
China reported a favorable tradebalance of 59.18 million US dollars of fiber glass during the first half of this year, the nation's first trade surplus in the material in more than a decade, according to customs in Chongqing in southwest part…
Demand for glass helped Corning make a profit in its second quarter but it warned it was running out of glass and would have to build another glass factory.The firm made net profits of $108 million on turnover of $971 million.
Asahi Glass Co said Thursday it will start producing automotive glass in Hungary in early 2006 to meet growing demand in central and eastern Europe.
Asahi Glass, a Japanese glassmaker, is expected to begin the construction of a glass factory for LCDs in Kumi as soon as August.
Asahi Glass Fine Techno, a Taiwanese subsidiary of Japan-based Asahi Glass, expects its fifth glass furnace to begin operations earlier than expected to meet demand from TFT LCD makers, according to the Chinese-language Commercial Times.
Samsung Electronics Co., Ltd., the world's largest provider of TFT-LCD display panels, announced to the U.S. market today the glass substrate for its new 7th generation TFT-LCD line located in Tangjung, Asan, Korea.
The local glass manufacturing industry is under heavy siege with the surge of glass products imported from China, Indonesia, Thailand, Singapore, Taiwan, India and Korea.
Corning to shut CRT glass plant Corning Inc. has announced plans to close its television glass joint venture with Japan's Asahi Glass Co.
Japan-based Asahi Glass Co. Ltd. has announced that it will move part of its production line in the Philippines to Thailand as a way of rationalizing its regional operations.
The shareholders of Asahi India Glass Ltd (AIGL) and Floatglass India Ltd (FIL) have approved the merger of the two companies, according to a AIGL release.
Asahi Glass Philippines, the local unit of Japanese glass maker Asahi Glass Co. Ltd. (J.AHG or 5201) said Thursday it will phase out its Philippines automotive glass operations this year, but may recall that decision if domestic car sales improve.
Standard & Poor's Corp (S&P) said Thursday it has revised the outlook on the long-term corporate credit rating on Asahi Glass Co, one of the world's largest flat-glass makers, to negative from stable.
The squeeze-out offer of Asahi Glass Co., Ltd., for the remaining Glaverbel shares closed on 16 December. Asahi Glass thus fully holds 100 percent of the capital of Glaverbel. 34,552 shares and 175 bonds were tendered.
Asahi Glass Co. Ltd. (J.AHG) said Wednesday that it has gained full control of Belgium's Glaverbel SA (B.GLA) following a squeeze-out offer.
Asahi Glass Company Ltd said it will launch a bid for all the remaining shares of Glaverbel SA at 140.86 eur per share. The company said the Belgian Banking and Finance Commission approved the operation, which it said will run from Dec 3-16.
Asahi Glass Co., Ltd (J.AHG), which currently holds 99.08% of the share capital of Glaverbel (GLAB.BRU), announced today that it is launching a public squeeze-out bid for the 65,434 shares (i.e. 0.92% of the share capital) it does not already hold.
Asahi Glass Co., Ltd (J.AHG) announced today that it has increased its direct and indirect shareholding in Glaverbel (GLAB.
Asahi Glass Co Ltd is confident it will obtain the 95 pct of Glaverbel which would enable it to launch a squeeze out operation to obtain the remaining shares, sources close to Glaverbel and Asahi said.
Nippon Sheet Glass Co . (J.NSG or 5202) Friday revised down its profit forecast for the year ended March 31 due to slimmer profits on its information technology products and poor earnings at subsidiaries.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Glaverbel SA shares closed slightly firmer in heavy trade, amidst speculation that funds are trying to block Asahi Glass Co Ltd's buyout bid, brokers said.
Auto-glass maker Asahi India Safety Glass has increased its stake to nearly 80 per cent in its subsidiary Float Glass India, through a recent open offer and said it might merge the ailing company with itself.
Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.