Asahi Glass May Move Planned New Glass Substrate Plant To Korea

Japan-based Asahi Glass is considering changing the site where it will establish its fifth Taiwan-based glass substrate plant since construction of related facilities may be postponed due to a recent government environment assessment team report which said that the Tree Valley Park industrial park is not suited for development, according to Tetsuji Kakimoto, chairman and president of Asahi Glass Fine Techno Taiwan (AFT), a 100% owned subsidiary of Japan-based Asahi Glass.

The Japan-based company is not ruling out the possibility of moving the new line to Korea, Kakimoto said.

Kakimoto commented that the environment reassessment has brought problems for the company and thus it has decided to reconsider the establishment its new plant in Taiwan. Although he, personally, hopes that Asahi can still build the plant in Taiwan as scheduled, the Japan-based company has not reached a final decision yet.

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600450 Asahi Glass May Move Planned New Glass Substrate Plant To Korea
Date: 4 July 2007

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