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Nippon Sheet Glass CEO stresses need for clarity

Post Time:Apr 06,2009Classify:Industry NewsView:192

With the acquisition of Pilkington in June 2006, Nippon Sheet Glass tripled in size and instantly became one of the world's biggest makers of window glass and windshields. The company has manufacturing operations in 29 countries, sales offices in 130 countries and more than 30,000 employees.

When he was named chief executive of the group in June 2008,Stuart Chambers was tasked with transforming a very Japanese firm with a primarily domestic--and shrinking--market into a global industry front-runner. But with Nippon Sheet Glass' key business lines in the construction and automotive sector hard-hit by the global recession, Chambers has an uphill task ahead of him.

The company, citing a slump in demand across all its business sectors, has said it expects to report its first annual loss in six years. It lowered its net profit guidance for the fiscal year that ended in March to a 22 billion yen loss ($233 million) from a previously estimated 9 billion yen profit.

Tor Ching Li interviewed Chambers at his office in Tokyo.

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Source: http://www.glassmagazine.com/news-item/commercial/nippon-sheet-glass-ceo-stresses-need-clarityAuthor:

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