Asahi Glass To Cut CRT Glass Output By 25 pct, Exit China Venture

Forbes.com reported that Asahi Glass Co Ltd said it will reduce the production of cathode-ray tube (CRT) glass by 25 pct to deal with dwindling demand for conventional display devices.

The firm said it will sell its entire 40 pct stake in Chinese CRT glass joint venture Shanghai Asahi Electronic Glass Co to a Chinese partner, SVA Electron Co, by the end of March, for an undisclosed sum. The company said the transaction will result in a loss of 10 bln yen.

Asahi Glass also said it will book special loss of 40 bln yen to write down the impaired value of goodwill for a flat-glass subsidiary in North America.

Read the entire news on the source link below.

600450 Asahi Glass To Cut CRT Glass Output By 25 pct, Exit China Venture glassonweb.com

See more news about:

Others also read

Expansion of production capacity | SEKISUI S-Lec
Increased Production Capacity of Interlayer Film for Laminated Glass and Raw Material Resin in Europe.
New application of NEXNOVO glass wall for South Tower in Japan
More and more glass building wall appear in our modern city, especially in busy areas. The more buildings, the more creative designs. Passersby are easily absorbed by those creative buildings. That’s why advertising has higher value in central area.
AGC Asahi Glass announces that it has started the construction of a net zero-energy building (ZEB*1) at its Kashima Plant.
Human Luminosity Curve
Researchers at The University of Tokyo invent semi-transparent solar cell for efficient power generation.
Panasonic Develops Unique Vacuum Insulated Glass Based on Its Plasma Display Panel Technology
The new vacuum insulated glass achieves the industry's top-class(*1) insulation performance for glass of approx. 6 mm total thickness.
Dimming glass (20 cm x 20 cm) whose darkness can be varied from a completely darkened state to a completely clear state.
NIMS, Waseda University and Tama Art University developed together smart glass capable of producing various shades on its surface.

Add new comment