Reuters reported that Asahi Glass Co. Ltd. (5201.T: Quote, Profile, Research) is selling its unit Asahi Fiber Glass Co. Ltd. to the Development Bank of Japan (DBJ), as it slims down to better compete with Corning Inc. (GLW.N: Quote, Profile, Research), sources familiar with the deal said.
Tokyo-based Asahi Fiber Glass, capitalised at 6 billion yen
($51 million) and established in 1956, makes glass wool insulators and roofing materials.
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2007-08-16T13:00:00Asahi Glass Selling Unit To Japan's DBJ-Sources glassonweb.com