Asahi Moves Auto Glass Operations from Philippines

Japan-based Asahi Glass Co. Ltd. has announced that it will move part of its production line in the Philippines to Thailand as a way of rationalizing its regional operations.

According to the company, the move came as a result of low factory runs and soft demand in the market in the Philippines. Completion of the transfer was expected by the end of the first quarter of 2003.

Trade secretary Manuel Roxas said the local unit of Asahi Glass supplies about 80 percent of the tempered glass requirement of vehicle assemblers in the Phillippines, but production lines for tempered auto glass were running at below 50 percent capacity.

600450 Asahi Moves Auto Glass Operations from Philippines
Date: 16 April 2003
Source: Glass Digest Magazine

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