NSG: Adoption of Medium-Term Plan (April 2007 - March 2011)

This is to announce that the Company has officially adopted the Medium-Term Plan,from April 2007 through March 2011. 1.

Long –Term Vision and the Medium-Term Plan as its first stage.

The Company completed procedures for acquiring the UK company Pilkington in June 2006, and assimilation of Pilkington as a wholly-owned subsidiary has brought about major changes not only in the Company’s business structure but also in the Company’s operating environment and issues to be addressed.

Given a managerial environment characterized by growing global competition, rapidly changing business circumstances, and expanding social responsibilities for companies, the new Nippon Sheet Glass Group will seek to make the concept “People are the most important assent of our company.” a value shared worldwide and to become the world’s number one flat glass company, with very strong positions in terms of size and financial performance.

The Company would also like to expand its business scope even further over the long term, extending its reach beyond architectural and automotive flat glass and sharpening its edge in the information and electronics and glass fiber sectors and in the Company’s market and technological assets.

To achieve this business objective, the Company will be implementing a ten-year strategy from FY2008 to FY2017 in three stages.

 Long term vision

The Company has recently set out a four-year medium-term plan starting from April 2007 as the first stage. This plan aims to integrate the Group’s strength and expand its performance by continuing efforts to restore financial soundness, placing emphasis on improving productivity and quality, and endeavoring to distinguish itself from its competitors.

Goal

The entire report available through the source link below.

600450 NSG: Adoption of Medium-Term Plan (April 2007 - March 2011) glassonweb.com

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