Nippon Sheet Glass Shares Gain After Forecast Boost

Nippon Sheet Glass Co., the world's biggest supplier of car windows, had the second-biggest gain in Japan's Nikkei 225 Stock Average after increasing its profit forecast because the yen weakened against the pound.

The stock gained 23 yen, or 3.8 percent, to 635 yen in Tokyo. The number of shares traded was double the full-day average of the past year.

The yen's declines against the pound, euro and U.S. dollar are boosting the value of overseas earnings converted into Japanese currency. Nippon Sheet Glass acquired Pilkington Plc of the U.K. last year in its biggest takeover, making Europe the largest of the Japanese glassmaker's three business regions.

Read the full story 

600450 Nippon Sheet Glass Shares Gain After Forecast Boost
Date: 5 September 2007

See more news about:

See more from these topics:

Others also read

Nippon Sheet Glass Co., Ltd. will install a new high-performance press bending line at the Maizuru plant (Kyoto, Japan) for automotive windshields, applying its proprietary technologies.
Glass in Architecture showcases a selection of buildings from around the world, inspired by the most creative architectural ideas using glass.
NSG Group, the owner of the Pilkington brand, and one of the world’s largest glass producers, and Solaria, specialists in PV technology, are entering into a collaboration agreement to manufacture and produce (semi) transparent Building Integrated Photovoltaic (BIPV) solutions.
Pilkington United Kingdom Limited, part of the NSG Group, has launched a new performance search function to help architects, specifiers and customers build specifications tailored to their project requirements.
The Group will be showcasing a window unit containing Building Integrated Photovoltaics (BIPV) that allows a building to generate renewable energy.
NSG Vietnam Glass Industries, a NSG Group company based in southern Vietnam, was awarded with 2016 Outstanding Quality Award by First Solar for VGI’s continuous quality improvement efforts and enduring commitment to First Solar’s Supplier Quality Continuous Improvement (SQCI) process.

Add new comment