Home > News > Industry News > Fire at Asahi Glass Takasago, Japan plant

Fire at Asahi Glass Takasago, Japan plant

Post Time:Aug 06,2008Classify:Industry NewsView:660

A fire occurred at the Asahi Glass plant in Takasago, Hyogo Prefecture, Japan last week, which should impact glass substrate supply for Sharp, according to market sources. The fire was caused by a leak from a glass melter, the sources noted. Asahi Glass Taiwan admitted that the incident occurred but declined to elaborate, indicating details would be released from the company's headquarters in Japan.

The market sources cited a Daiwa Institute of Research report that indicated that the plant is Asahi Glass' number one production line and provides glass substrates for LCD panel production for 7G, 7.5G and 8G lines. The report also noted that it would take 2-3 months for the plant to return to normal.

However, while Taiwan panel makers AU Optronics (AUO) and Chi Mei Optoelectronics (CMO) also noted that they are aware of the incident, they do not expect any effect on their market position, as it will not impact supply glass substrate supply for them.

In addition, LCD panel makers in Taiwan pointed out that while the incident may impact Sharp, it would not affect the overall market significantly, as the panel market is currently facing weak downstream demand and an inventory buildup. Panel makers have already responded to the market situation by reducing their utilization rates this quarter.

Asahi Glass is the second biggest glass substrate supplier in the world with a 24% market share in the first quarter of this year, according to the sources.

Source: DIGITIMESAuthor: admin

Hot News