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In the Pall Mall boardroom of Pilkington, the glassmaker Nippon Sheet Glass has just bought for £2.2bn ($3.9bn), Yozo Izuhara, the man who drove the protracted deal to its conclusion, admits to a moment of indecision during the tense negotiations.
Pilkington and NSG issued a statement on 16 June confirming that the acquisition of Pilkington by NSG has been completed and that Pilkington is now a member of the NSG Group.
Nippon Sheet Glass Co said it has completed its acquisition of UK glass maker Pilkington PLC. A Nippon Sheet Glass statement says the acquisition means its group will have the largest share of the sheet glass market, with sales of about 760 bln yen…
The European Commission said Wednesday it has approved Nippon Sheet Glass Co.'s acquisition of British glass maker Pilkington PLC, concluding that the deal will "not significantly impede effective competition" in Europe.
Nippon Sheet Glass Co. is moving to global prominence on the strength of Japanese automakers, its biggest customer base. The world's sixth-largest maker of sheet glass is scheduled to complete the purchase of Britain's Pilkington Plc,…
Glass maker Corning Inc. on Tuesday filed restated financial results, correcting accounting mistakes related to a 2003 asbestos settlement.
Corning Inc. , the world's largest maker of glass for large liquid crystal displays, said on Monday it plans to build its first Chinese LCD glass plant in Beijing, as the mainland market begins to develop.
Jonathan C. Sanders, who pleaded guilty in January to stealing Corning Inc. trade secrets, was sentenced Tuesday to 48 months in federal prison and ordered to pay a $20,000 fine.Prosecutor Tiffany H.
It's no surprise that this pint-size city at the south end of the Finger Lakes region boasts a world-class museum of glass.
Corning makes its money these days much the same way it has made money for more than 150 years--by making glass do incredible things.
Pilkington shareholders will vote in April on a formal offer by Nippon Sheet Glass (NSG) for the remaining 80 per cent of the shares in Pilkington they do not currently own.
Reuters report that Corning Inc. on Monday raised its forecast for growth in the glass market for flat panel displays, saying consumers are embracing high-end thin-screen TVs at a faster clip than previously expected.
ThetStreet.com reported that the big maker of liquid crystal display, or LCD, glass plans to unveil a new, purer glass for use in computer monitors and flat-panel TVs.
Corning Incorporated announced that the United States District Court for the District of Delaware has issued a ruling in its favor.
Nippon Sheet Glass Co. said the potential benefits of its planned 616 billion yen acquisition of Britain's Pilkington Plc far outweigh the risks.
Staff at Swansea's Pilkington Glass have been reassured that their jobs are not at risk. The UK glass king, based in St Helens, Lancashire, is the latest in a string of British companies to be sold to foreign investors.
Nippon Sheet Glass Co. announced Monday it agreed to acquire 80 percent of British glassmaker Pilkington plc in a strategy to expand its global production capacity.
Nippon Sheet Glass Co. said Monday that it will acquire the 80 percent stake it doesn't have of Britain's Pilkington PLC in a deal worth 358.5 billion yen (US$3 billion; euro2.6 billion).
Pilkington's chairman, Sir Nigel Rudd, stands to make £4.25m if, as expected, Japan's Nippon Sheet Glass returns with an agreed £2.2bn takeover offer this month.
Corning Inc. made its long-anticipated move into the growing Chinese market for liquid crystal display glass last week.
Corning Inc. has approved funding to establish a liquid crystal display (LCD) glass substrate finishing facility in the People's Republic of China.
Shares of Corning Inc. rallied Wednesday despite a warning that prices for its lucrative, liquid-crystal-display glass used in flat-panel monitors will fall more sharply in the first quarter than in the past.
Shares of Corning Inc. rallied Wednesday despite a warning that prices for its lucrative, liquid-crystal-display glass used in flat-panel monitors will fall more sharply in the first quarter than in the past.
Nippon Sheet Glass Co. Ltd., creator of the Selfoc lens and a supplier of gradient index lenses, has partnered with Optical Zonu, a Van Nuys, Calif., manufacturer of fiber interface modules.
Japan's Nippon Sheet Glass is unlikely to agree to buy Pilkington Plc for several more weeks as it continues to plough through the glassmaker's books, sources familiar with the situation said.