Asahi Glass Builds Second Automotive Glass Plant in China.Tokyo, Japan, Oct 12, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Asahi Glass announced on Oct. 12 it will build an automotive glass plant in Foshan, Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung , its second plant in China. The company will start construction of the plant, for laminated and tempered automotive glass, in early 2007, with mass production scheduled for the first quarter of 2008. Following a 1995 capital tie-up with an automotive glass firm in Qinhuangdao, Hebei Province Noun 1. Hebei province - a populous province in northeastern China Hebei, Hopeh, Hopei Cathay, China, Communist China, mainland China, People's Republic of China, PRC, Red China - a communist nation that covers a vast territory in eastern Asia; the most - present AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers Automotive (China) Co., Ltd. - Asahi Glass made the local firm a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in 2003, and increased its production capacity to about 1.2 million car sets annually by installing latest facilities in 2004. The new plant should add capacity of about 1 million car sets per year, establishing a supply system for about 2.2 million car sets in total per year in China. Asahi Glass, which currently holds 30% of the world market share for automotive glass, plans an investment 6.5 billion yen in the new project. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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