Pilkington Hit By Asahi Glass Comments?

Date: 2 February 2006
Source: Newratings.com

Date: 2 February 2006

Pilkington (PILK.LN) could come under pressure from Asahi Glass's (5201.TO) reduction in '05 operating income for its glass division, traders say.

They point to the fact Pilkington also operates globally and note Asahi's comments on high raw material and energy costs. Analyst agrees some readacross to Pilkington is justified but feels it's only energy costs that are likely to have hit the company. Even then, a surcharge levy in Europe, where additional energy costs are passed on to customers, means the impact is minimal. Pilkington trades -0.6% at 155p.

600450 Pilkington Hit By Asahi Glass Comments? glassonweb.com

See more news about:

Others also read

Pilkington Nederland BV has recently taken a significant step forward in quality assurance by incorporating the Sparklike Laser Portable™ into their production process.
The Annual General Meeting of BV Glas (Bundesverband Glasindustrie) has elected Christian Quenett its President for the next two years.
FGC Group is expanding its presence in the glass market by acquiring Pilkington Glass Russia, STiS Group, and other assets of the NSG Group in Russia.
Rob Ireson our Innovation and Partnerships Manager was chosen as the winner of this prestigious award designed to encourage and recognise excellent work in glass research.
NGA is pleased to announce its 2022 year-long event sponsors: Dow, Eastman Chemical, Guardian Glass, Kuraray, Mappi, Pilkington, Tristar, and Vitro Architectural Glass.

Add new comment