Nippon Sheet Glass to launch India production

Japan's Nippon Sheet Glass Co. Ltd. plans to build a 15 million euro ($20 million) automotive glass plant in India with British unit Pilkington, targeting Japanese carmakers eyeing climbing local demand.

The news sent shares in the maker of windshields, crystal and soundproof glass up 6.1 percent to 627 yen on Tuesday, outpacing the Nikkei average , which rose 1.3 percent.

The plant, to go online in summer 2008 with an initial production of 500,000 windshields a year, will supply windshields to local factories, some to be exported to the U.S. and Europe, spokesman Tetsuya Higaki said.

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600450 Nippon Sheet Glass to launch India production
Date: 24 August 2007

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