Nippon Electric Glass (UK) Ltd, a maker of glass used for traditional-style television screens, was established in 1994 under the name Danceglobal Ltd and it continued using this name until 1995.It then changed its name to Ocean Technical Glass Ltd, which it traded under until 1997.
Over last 5 years the companys financial state has been changing year by year. In 2000 Nippon Electric achieved sales of £125m, with a pre-tax profit of £25m. After that, the companys performance declined steadily. In 2004 the turnover was still high reaching a figure of £94m, however profitability dropped significantly to £2.4m
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