Asahi Glass Breaks Ground in Gumi Plant

Asahi PD Glass Korea Co. Ltd. held a groundbreaking ceremony in the fourth complex, Gumi, Korea, on June 27, attended by some 200 people including Takashi Wada, president at the company, Kim Yong-Dae, North Kyungsang province governor, heads of related organizations, and employees.

Asahi PD Glass Korea was established through a signed memorandum of understanding (MOU) between Lee Eui-Geun, the Gumi City major, and Asahi Glass in Tokyo, Japan, on May 25.

The new company plans to $100 million in an area of 18,000 pyung (about m2) to build a plant dedicated to producing glass substrate raw materials for use in TV plasma display panels (PDPs), with the aim of completing the construction by July next year. With this investment, Asahi Glass will retain an overall production system in the local market.

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600450 Asahi Glass Breaks Ground in Gumi Plant
Date: 29 June 2006

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