CPT Expects Limited Impact From Asahi Glass CRT Plant Closure in Taiwan

Although Japan-based Asahi Glass recently announced it will close down a CRT glass production base in Taiwan, Chunghwa Picture Tubes (CPT) said it expects the impact of the decision to be limited.Both Asahi Glass and Nippon Electric Glass (NEG) are major CRT glass suppliers of CPT, CPT said.

Since CPT still has sufficient material supply, Asahi's decision will not seriously impact its CRT business, the Taiwan-based company indicated, adding that the company shipped around two million CRTs in June, up 2.6% from 1.95 million units in May.

Asahi Glass announced yesterday that it has decided to reduce its CRT glass capacity by about 35% by stopping all operations in Taiwan (Pacific Glass, one panel production furnace) and Indonesia (P.T. Video Display Glass Indonesia, one funnel production furnace) and also by discontinuing production at four furnaces at other production bases.

The glass maker projects demand for CRT glass used in PCs and TVs will decline to about 200 million units this year, from around 264 million units in 2004, due to a rapid shift toward TFT LCDs, Asahi Glass said.

CRT TV shipments will account for 61% of the global market next year, down from 72% in 2006 and 82% in 2005, according to iSuppli. LCD TV shipments will surpass CRT TV shipments by 2009, iSuppli added.

Read the entire news on the source link below.

600450 CPT Expects Limited Impact From Asahi Glass CRT Plant Closure in Taiwan glassonweb.com

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment