Subsidiary to process glass for FPD established in Nanjing, China - To enhance production and supply in the Chinese market

Nippon Electric Glass Co., Ltd. (Head Office: Otsu, Shiga, Japan, President: Masayuki Arioka, “NEG”) has concluded an agreement with Nanjing Economic and Technological Development Zone in China for investment and construction concerning the processing and sales of glass for flat panel displays (FPD)

NEG will also launch melting and forming operations (Electric Glass (Xiamen) Co., Ltd.) in Xiamen in the latter half of 2015 and establish an integrated production system from the melting process to respond to the expanding demand for FPD glass in China. By establishing Electric Glass (Nanjing) as its third processing base in China, NEG aims to boost its processing capacity and enhance production and supply in the Chinese market.

<Outline of Business>

- Company name:  Electric Glass (Nanjing) Co., Ltd. (Planned)

- Location:  Nanjing City, Jiangsu Province, China

- Representative:  Akihisa Saeki, President (Director and Senior Vice President of NEG)

- Scope of business:  Processing and sales of glass for FPDs

- Registered capital Approximately 1.8 billion yen

- Date of establishment:  March 2015 (planned)

- Capital investment:  Approximately 5.0 billion yen (including equipment to be relocated)

- Commencement of operations:  2nd quarter of FY 2016 (planned)

- Outlook:  Sales of the new company in FY 2017: approximately 13.0 billion yen

600450 Subsidiary to process glass for FPD established in Nanjing, China - To enhance production and supply in the Chinese market glassonweb.com

See more news about:

Others also read

Peng Shou Visits KCC Corporation (South Korea)
On the afternoon of July 16th, 2018, Peng Shou, board chairman of CTIEC, was invited to pay a working visit to headquarters of KCC in Korea.
SentryGlas® delivers clarity, strength and safety at Shum Yip Upperhills
Laminated glass using SentryGlas® was chosen for safety and insulating glass was specified to improve thermal performance.
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.
CTIEC Signs General Contract of Pakistan  Waste Heat Power Generation Project
On July 9,2018, the signing ceremony of general contract project of installing waste heat generation facilities for two float glass production lines (450t/d+550t/d) of GhaniGlass Co. Ltd. (Pakistan) by CTIEC was held in Shanghai.
 LandGlass Glass Tempering Furnace in Iran
TJK is a well-known industrial enterprise in Iran. The company is equipped with a LD-AB F&B Bi-directional glass tempering furnace made by LandGlass.
LandGlass Glass Tempering Furnace in Turkmenistan
In ANYK TEKLIP’s facility, a LD-AC F&B Bi-directional glass tempering furnace made by LandGlass is running day and night.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

NEWS RELATED PRODUCTS

Add new comment