Asahi Glass, Mitsubishi to sell stakes in LCD panel JV

Date: 28 December 2007
Source: Tradingmarkets.com

Date: 28 December 2007

THE ASAHI GLASS CO. and the MITSUBISHI ELECTRIC CORP. (TSE:6503) said Tuesday that they will sell their stakes in struggling LCD panel joint venture OPTREX CORP. to an investment fund for a total of Y10 million ($US87,438.71). * In February, Optrex will increase its capital by issuing 8 billion yen in new shares to Asahi Glass and Mitsubishi Electric, which then will sell the joint venture to JAPAN INDUSTRIAL PARTNERS INC.

Asahi Glass owns a 60 per cent stake in Optrex and Mitsubishi Electric the remaining 40 per cent.



* Established in 1976, Optrex produces small and midsize LCD panels, but its market share is just 1 per cent or so.




600450 Asahi Glass, Mitsubishi to sell stakes in LCD panel JV glassonweb.com

See more news about:

Others also read

MORE...

Asahi India Glass Ltd. Launches a Leading Glass Solution Powered By Microsoft Azure
Asahi India Glass Ltd. Launches a Leading Glass Solution Powered By Microsoft Azure
Asahi India Glass Ltd. (AIS), India’s leading integrated glass company, has come up with an exclusive glass solution called the AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office.
AGC Asahi Glass to Release Cover Glass that Supports a Fingerprint Recognition Sensor on a Smartphone
High-security Smartphone Feature Stylish Designs - AGC (Asahi Glass Co., Ltd.; Head Office: Tokyo; President & CEO: Takuya Shimamura) released a new cover glass for an in-glass fingerprint recognition sensor installed on a smartphone to improve security.
Asahi Glass' 9-month profit likely jumped 22%
Asahi Glass' group operating profit for the nine months through Sept. 30 likely rose 22% on the year to around 52 billion yen ($429 million), marking the company's first profit growth for January-September in five years.
Asahi Glass president aims to expand market with variety
“We’ll continue to produce, with simple honesty, what can meet the needs of the times,” Asahi Glass Co.
Notice regarding Revision to First Half and Full Year Consolidated Financial Forecasts for Fiscal Year Ending December 31, 2015
In light of recent performance trends, Asahi Glass Co., Ltd. (“the Company”) has revised its consolidated financial forecasts for the first half and full year for fiscal year ending December 31, 2015, which were announced on February 6, 2015.   Read more here.
AGC Releases “infoverre™ MIRROR,” Enabling Unique Information Display on Mirror
New infoverre product expands the possibilities of the “glass with display monitor” product line ― Asahi Glass Company (AGC), a world-leading manufacturer of glass, chemicals and high-tech materials has released a new infoverre™ product “infoverre™ MIRROR” as an interior product for residential and commercial facilities.  This new product will bring solutions to unique design needs in the world.The infoverre™ series is a new-generation glass signage that provides clear and vivid images to viewers (see next page for details).

Add new comment