Sunday, June 04, 2006

Nippon Sheet Glass taking over Pilkington Plc

Written by: S.M.Mehdi Hassan
Japan has a prosperous automobile industry. So it is also common that Japanese auto parts producers will also flourish for their huge demand in domestic automobile. This is what happened to Nippon Sheet Glass Company. Nippon is the sixth largest glass producer in the world and thanks to the prospering Japanese automobile industry it has made a strong base in its homeland. By the end of June the company will buy up Pilkington Plc, a British company and the third largest glass producer in the world. This will put Nippon in the same position with Asahi Glass. Asahi which holds twenty percent of US and European market is very successful in doing its business overseas which Nippon lagged. Asahi generates 40% of its profit from overseas sales and Nippon on 15% but through buying Pilkington Plc, Nippon is planning to get into US and European market and supply its products to Japanese automakers.
Related Article:
Glassmakers grow on auto demands