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Nippon to Sell Float Glass Plant in Maizuru, Japan

Post Time:Apr 27,2009Classify:Company NewsView:386

Nippon Sheet Glass Co. Ltd. has announced that it has agreed the sale of its float glass plant in Maizuru, Kyoto, Japan, for approximately 570 million JPY (approximately $5.9 million U.S. dollars). Sekisui Him Kinki Co. Ltd. has agreed to purchase the plant, and the sale is scheduled to close in September 2009.

Company officials say the sale will provide for the "disposal of redundant non-core assets, consistent with the group's strategy of debt reduction."
 

Source: Nippon Sheet GlassAuthor: shangyi

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