Asahi Glass Co. said it will curtail production facilities at a sheet glass plant in Yokohama, Kanagawa Prefecture in Japan by the end of this month, and will sell some land holdings as part of its re…
Asahi Glass Co. said it will curtail production facilities at a sheet glass plant in Yokohama, Kanagawa Prefecture in Japan by the end of this month, and will sell some land holdings as part of its restructuring efforts. Profits from the land sale will be used to cover losses of 3,327 million yen stemming from the disposal of plant facilities, the Japanese glassmaker said. Asahi Glass said its earnings estimates already reflect the planned moves.