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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.
Tamglass has launched a new technology concept of convection heating for Low-E tempering in order to provide higher production capacity and better optical quality for the glass processors in North America.
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.
The Pilkington Group website www.pilkington.com has a new look and functionality. Built with advanced content management software, the site features instant updating and makes it easier for users to find information on Pilkington products and…
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.
As of December 31, 2001 Mr. Karl Lenhardt has resigned his responsibilities as Managing Director of Lenhardt Maschinenbau GmbH in Neuhausen-Hamberg.
Glaverbel SA said it expects a contraction in its net result during 2002 because of the economic slowdown and said it will cut its production capacity.
The Glaverbel Group closed its financial year 2001 with record performances, confirming the correctness of the strategy which the Group has followed for the past 10 years, namely profitable growth through geographical diversification and increased…
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.
In 1997, Thailand legislated the use of laminated glass for facades in buildings over 23 m in height, when the total internal area is over 10,000 m2, or if the building is over 15 m in height and the total internal area is greater than 1,000 m2.
Tamglass new technology concept ProConvection, which was launched at Vitrum, has attracted wide interest. The company has already received several orders for the new flat tempering furnace, designed especially for tempering coated glass.
Demand for flat glass in the United States is forecast to rise three percent per year to almost seven billion square feet in 2005, valued at $9.1 billion.
The glazing industry of the 21st century uses these days increasingly float glass integrated with special coating materials.
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
On reaching the age of 68 the director and managing partner Mr. Hans Eberspcher is retiring. He has been at the head of the com-pany since 1965.
Glaverbel SA said the Belgian Banking and Finance Commission has extended until Jan 15 the deadline for the Glaverbel board to give its view on Asahi Glass Co Ltd's offer to buy out the shares it does not own in the company.
Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.
Asahi Glass Co., Ltd. ("AGC"; headquartered in Tokyo; president: Mr. Shinya Ishizu) decided to make a public tender offer to purchase all the ordinary shares held by public shareholders in its consolidated subsidiary, Glaverbel S.A. (…
Tamglass Group has agreed new automotive glass machinery orders for over 9 million euros. The agreements have been signed during October and November.
The Glaverbel Group is investing in a new coater* at its Lodelinsart plant in Belgium (Charleroi). This new system will upgrade production of coated solar control glass, sold to large construction projects around the world.
A major glassworks in Central Asia in the town of Chuy-Tokmak (in the northern Kyrgyz Chuy Region) will be launched soon.