Asahi Glass to Build $500 Mln S. Korea Plant, Seoul Daily Says

Asahi Glass Co. plans to spend as much as $500 million to build a plant in South Korea to make glass used for flat panel screens, Korea Economic Daily reported, citing an unidentified government official.

Tokyo-based Asahi plans to build the plant in the city of Gumi, which is southeast of Seoul, the newspaper said. The plant will make glass for liquid crystal displays, the report said.

South Korea is home to the world's two largest makers of LCDs in LG Philips LCD Co. and Samsung Electronics Co. Asahi wants to build the plant to boost its sales to Samsung and LG Philips, the newspaper said. paper's Web site.

600450 Asahi Glass to Build $500 Mln S. Korea Plant, Seoul Daily Says

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment