Asahi Glass Plans For Fifth Plant In Taiwan Not Finalized

Although the Tree Valley Park development project headed by the Chi Mei Group recently passed a final environmental assessment under certain conditions, Asahi Glass Fine Techno Taiwan (AFT), a wholly-owned subsidiary of Japan-based Asahi Glass, said the company has not yet finalized plans to build a new plant in the park, according to a recent report from the Chinese-language Economic Daily News (EDN).

In July, Asahi Glass said the company 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 government environment assessment report saying that the Tree Valley Park industrial park is not suited for development.

The Japan-based company is not ruling out the possibility of moving the new line to Korea, according to Tetsuji Kakimoto, chairman and president of AFT in July.

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600450 Asahi Glass Plans For Fifth Plant In Taiwan Not Finalized
Date: 21 November 2007

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