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Asahi Glass Co. Ltd. (J.AHG) said Wednesday that it has gained full control of Belgium's Glaverbel SA (B.GLA) following a squeeze-out offer.
Asahi Glass Company Ltd said it will launch a bid for all the remaining shares of Glaverbel SA at 140.86 eur per share. The company said the Belgian Banking and Finance Commission approved the operation, which it said will run from Dec 3-16.
The market value of fabricated glass (encompassing basic flat glass as well as all value-added products, such as laminated, tempered, insulating and mirrored glass) is forecast to increase 5.2 percent per year through 2006.
A spectacular new home in Hamilton, New Zealand, will feature a large Pilkington Planar glass system as its front 'wall'.
A western Pennsylvania town that once relied on a glass manufacturer for employment now believes the company is the key to luring new business there.
Asahi Glass Co., Ltd (J.AHG), which currently holds 99.08% of the share capital of Glaverbel (GLAB.BRU), announced today that it is launching a public squeeze-out bid for the 65,434 shares (i.e. 0.92% of the share capital) it does not already hold.
Asahi Glass Co., Ltd (J.AHG) announced today that it has increased its direct and indirect shareholding in Glaverbel (GLAB.
Zhejiang Glass Co Ltd said it intends to use 100 mln yuan which was a part of net proceeds raised from its listing of H shares to invest in an ultra-thick float flat glass production line.
The Pilkington plc website, www.pilkington.com, has won a major award just four weeks after re-launch for best practice in investor relations.
Asahi Glass Co Ltd is confident it will obtain the 95 pct of Glaverbel which would enable it to launch a squeeze out operation to obtain the remaining shares, sources close to Glaverbel and Asahi said.
Netegrity, Inc., the leading provider of solutions for securely managing e-business relationships, today announced that Guardian Industries Corp. has selected Netegrity SiteMinder(R) product to secure access to several business applications across…
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
With savvy consumers demanding greener automobiles and government agencies raising the fuel-economy bar, Guardian Industries' SilverGuard(TM) infrared reflective glass is engineered to help meet today's tough vehicle standards.
Glaverbel SA said it expects a contraction in its net result during 2002 because of the economic slowdown and said it will cut its production capacity.
The Glaverbel Group closed its financial year 2001 with record performances, confirming the correctness of the strategy which the Group has followed for the past 10 years, namely profitable growth through geographical diversification and increased…
Grupo Vitro, Mexico's largest glass manufacturer, has assured that the volatility in gas prices for industrial use will not affect its operations.
Glaverbel SA shares closed slightly firmer in heavy trade, amidst speculation that funds are trying to block Asahi Glass Co Ltd's buyout bid, brokers said.
Auto-glass maker Asahi India Safety Glass has increased its stake to nearly 80 per cent in its subsidiary Float Glass India, through a recent open offer and said it might merge the ailing company with itself.
Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.
World demand for flat glass is forecast to rise more than 4 percent per year to nearly 4 billion square meters in 2004, with a market value of over $40 billion.
The glazing industry of the 21st century uses these days increasingly float glass integrated with special coating materials.
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
Their next project in float glass field is Kaveh float. This plant is also designed for producing float glass. The capacity is 260,000 Ton/Year.