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NSG set to go head-to-head with Asahi, Saint-Gobain

Post Time:Nov 12,2013Classify:Industry NewsView:47

The United Kingdom’s 180-year-old glass company, Pilkington, officially became part of Japan’s Nippon Sheet Glass Co. June 16. The deal makes NSG a leader in the worldwide flat-glass market, competing alongside giants including Japan’s Asahi Glass Co. and France’s Saint-Gobain, according to a June 16 NSG release. With Pilkington’s added revenues, NSG is projected to see annual sales of about $7.4 billion. The company will employ more than 36,000 people worldwide, operate manufacturing facilities in 26 countries, sell products to customers in more than 130 countries and have part or whole ownership in 50 float-glass manufacturing lines, according to the release. In comparison, Asahi posted net sales of about $13.0 billion in 2005, according to the company’s year-end financial report, released Feb. 15. Asahi’s glass segment recorded sales of about $6.4 billion, according to the report. Saint-Gobain recorded 2005 net sales of about $41.6 billion, with $5.5 billion in its flat-glass division, according to that company’s final 2005 financial statement, released March 23. The acquisition also will give NSG a vast geographic reach. By itself, the company saw 85 percent of its sales in Japan in 2005. When combined with Pilkington’s 2005 sales, geographic sales totaled 41 percent in Europe, 31 percent in Japan, 14 percent in North America, 4 percent in the rest of Asia and 10 percent elsewhere, according to the NSG release. Geographically, Asahi recorded 48 percent of its 2005 sales in Japan, with 22 percent of sales in the rest of Asia, 12 percent in the Americas and 18 percent in Europe, according to its year-end report. More than 30 percent of the Saint-Gobain’s sales were in France, with 41 percent in other Western European countries, 16 percent in North American and 12 percent in emerging countries and Asia. Currency conversions for Asahi and Saint-Gobain’s 2005 sales reports were based on exchange rates as of Dec. 31, 2005.Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/nsg-set-go-head-head-with-asahi-saint-gobainAuthor:

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