Nippon Sheet Glass (NSG) Announces New Float Glass Company in Vietnam

Date: 28 May 2004
Source: Japancorp.net

Date: 28 May 2004

Nippon Sheet Glass Co., Ltd. will form a new joint venture with a local partner to manufacture float glass in Vietnam responding to increasing demand from the promising local market.

The new company will be named Vietnam Glass Industries Ltd. ("VGI") and plans to start commercial production of high quality architectural glass by the end of 2006 at its plant to be located near Ho Chi Minh City in the south of Vietnam.The total investment is estimated to be approximately US$ 90 million.

In Vietnam, NSG already has another manufacturing joint venture for float glass, Vietnam Float Glass Co., Ltd. ("VFG"), located near Hanoi in the north of Vietnam. The integration of the two companies' management is being considered as a future option to improve the efficiency of NSG's float glass business in the country.

With these measures, NSG continues to pursue further growth and development in Asia.
600450 Nippon Sheet Glass (NSG) Announces New Float Glass Company in Vietnam glassonweb.com

See more news about:

Others also read

MORE...

R.O. has designed and produced a powerful Parametric Shape management system
The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion to start Beginning Fusing Classes
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar to endorse Asahi Glass
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
DisplaySearch: Global glass-substrate capacity to grow 40% each quarter
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania glass industry going the way of steel
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Another glass plant closes doors
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment