Asahi Glass Fine Techno announced on 12 May 2005 that it is to set up 8th generation glass substrate production in Taiwan. A senior official said that the firm will be able to secure over 40% of the global market on the expansion effects of the production line. The move is predicted to be helpful for Taiwan“s large-size TFT-LCD panel production. Economy minister Ho Mei-yueh said the move will significantly increase the competitivity of Taiwan“s panel industry. The company announced in mid-2003 that it would set up a glass substrate furnace in Taiwan, the company“s first outside Japan; the TWD 3.8 billion furnace was inaugurated in September 2004.

Czech technical fabrics producer Saint-Gobain Vertex will pay a dividend of some CZK 261 per share and will use about 80% of the 2004 net profit of CZK 668 million, up from 2003“s CZK 653 million, it…

Czech technical fabrics producer Saint-Gobain Vertex will pay a dividend of some CZK 261 per share and will use about 80% of the 2004 net profit of CZK 668 million, up from 2003“s CZK 653 million, it was decided at the annual general meeting on 12 May 2005. Sales increased by a fifth to CZK 5.4 billion. The stable exchange rate between the Czech crown and the euro as well as cost-cutting measures had a positive effect on the company“s results, board chairman Jean-Noel Solesio said. However, the prices of almost all products decreased. Vertex exports nearly 90% of its output to more than 50 countries. EU countries are the main customers, and about 10% of the firm“s products are supplied to more remote territories, such as the USA and Middle Eastern countries, said Solesio. In 2004, Vertex bought 51% of Russian firm Steklovolokno for CZK 174 million so as to expand in regions with low costs and raise its market share, said Solesio. Vertex also has a 100%-owned Polish subsidiary. Investment in 2004 reached CZK 170 million, while in 2005 the company has invested CZK 70 million so far. France“s Saint-Gobain has been the principal shareholder since 1999. It owns close to 100% of the stock.