Date: 27 November 2007
Nippon Sheet Glass, which acquired the UK’s Pilkington for £2.2bn last year, on Wednesday said its aggressive global expansion was paying off as it reported a stronger-than-expected jump in first-half earnings.
The Japanese glassmaker said operating profit nearly doubled to Y27bn in the six months to September compared to the combined results of NSG and Pilkington a year earlier. Its shares rose 4.2 per cent as the increase appeared to justify its decision to spend heavily to break out of slow-growth Japan.
Price rises in Europe and strong sales in South America and other emerging markets drove the profits, which were higher than the company and analysts had forecast.
Read the entire story here.
FT
2007-11-27T12:00:00
Nippon Sheet Glass Ambition Pays Off
glassonweb.com 
Add new comment