Ltd., Japans top glassmaker, amid a slowdown in markets in America and Europe.
The British company is expanding in China, Russia and elsewhere outside North America and Europe to bolster sales. It plans to compete in Russia with Glaverbel SA, Europes second-largest glassmaker, in which Asahi holds a 92 percent stake, Pilkington Chief Executive Stuart Chambers said.
We are bringing production of high quality glass to Russia, Stuart told reporters Monday at the site of the future plant near Moscow. We dont intend to compete directly with existing producers in Russia.
Brussels-based Glaverbel holds a stake in Russias OAO Borsky Glass Factory and is building a float-glass plant near Moscow, Stuart said. Pilkingtons two other major rivals, Cie. de Saint-Gobain, the worlds biggest glassmaker, and Guardian Industries Corp., a closely held glassmaker based in Auburn Hills, dont have projects in Russia.