Asahi Glass Establishes New Float Furnace for Automotive Glass in China

Asahi Glass Co., Ltd. (TSE: 5201) has announced the decision to establish a new firm in Suzhou, Jingsu Province, China that will house a float furnace for automotive glass.

The Company plans to spend less than US$100 million for the establishment.
The decisions comes as a result of the conversion of a float furnace for automotive glass at the Aichi Factory to PDP glass substrates in May 2004. The new company will boost the output of raw glass for automotive use consequently construct a green filed float glass furnace to meet the growing chinese demand.

It is predicted that the Chinese manufacture of automobiles will continue to rise sharply, and in 2010 the country should rise to second place in automobile output following the USA.

The new company is to be set up in May 2004, to begin production in 2nd quarter of 2006

600450 Asahi Glass Establishes New Float Furnace for Automotive Glass in China

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