Asahi Glass to spin off ceramic ops

Asahi Glass Co. will turn the parent company's ceramics business division into a 100% unit April 1. The move is aimed rationalizing and revitalizing the ceramics operations, which Asahi Glass regards as one of the group's key business sectors.

Yamanouchi Pharmaceutical Co. and Boehringer Ingelheim GmbH have signed a letter of intent to jointly market in Japan the hypertension treatment agent telmisartan. The agent, marketed in other countries under the trademark "Micardis," has been developed by Boehringer Ingelheim.

Maruha Corp. will spin off its troll fishing operations on March 1 in order to better cope with severe business conditions. Troll fishing accounted for 0.89% of its total revenue for the year ended March 2001. Maruha will take a 100% stake in the new unit to be capitalized at Y450 million. The impact on its group earnings will be minor.

Kotobukiya, which failed in December, will temporarily close all of its stores in Kyushu, southern Japan, because of merchandise supply shortages. Of its 134 Kyushu stores, the company will completely close 44 outlets as planned under its rehabilitation scheme, and the remaining 90 stores will be shut temporarily from Feb. 1.

Drug maker Eisai Co. will lower the trading lot for its shares to 100 from the current 1,000 effective April 1. The move aims to improve share liquidity and broaden the range of investors.

600450 Asahi Glass to spin off ceramic ops glassonweb.com
Date: 28 January 2002
Source: Yahoo

See more news about:

See more from these topics:

Others also read

More and more glass building wall appear in our modern city, especially in busy areas. The more buildings, the more creative designs. Passersby are easily absorbed by those creative buildings. That’s why advertising has higher value in central area.
Glasstech Asia 2018 returns to a thriving glass industry in Malaysia after 5 years of traveling around the Asia-Pacific region.
Glaston has closed a deal worth somewhat below EUR 2.0 million with a leading Asia-Pacific glass processor, which supplies demanding glass solutions to the architectural glass industry of the region.
AGC Asahi Glass announces that it has started the construction of a net zero-energy building (ZEB*1) at its Kashima Plant.
Researchers at The University of Tokyo invent semi-transparent solar cell for efficient power generation.
The new vacuum insulated glass achieves the industry's top-class(*1) insulation performance for glass of approx. 6 mm total thickness.

Add new comment