Asahi Glass to build Taiwan plant, mum on further plans

TOKYO, July 18 (Reuters) - Japan's Asahi Glass plans to start building a fifth LCD glass-making factory in Taiwan next month to meet growing demand for TV panels and PC monitors, but it was mum on any further expansion plans.

Asahi Glass, which is playing catch-up with Corning Incwhile fending off home rival Nippon Electric Glass, said on Friday it would invest roughly 20 billion yen ($188 million) in the plant, expected to be completed next year.

Taiwan media reported the previous day that Asahi Glass had long-term plans to build an additional five plants and double capacity, but spokesman Yoshihiko Saito said the report was speculation and nothing was decided, and declined further comment.

Expansion at Japan's biggest glass maker comes as client liquid crystal display makers brace themselves for an escalating price war.

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600450 Asahi Glass to build Taiwan plant, mum on further plans
Date: 22 July 2008
Source: Reuters

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