Nippon Electric Glass (NEG) resolved to cease operation of Electric Glass Fiber UK (EGFU), in Wigan, UK’s largest fibreglass factory.
As NEG announced on April 3, 2025 in “Announcement of Strategic Review of Composites Business at Electric Glass Fiber UK, Ltd.,” NEG has considered various options, including the possibility of selling EGFU, forming strategic partnerships, or cessation of its business activities during the approximately two and a half month strategic review period.
In order to quickly rebuild NEG’s composites business, it has been determined to cease EGFU’s operation and proceed with preparations for voluntary liquidation.
EGFU will stop its production in late June and proceed with the preparation for voluntary liquidation, including the arrangement of its claims and debts, afterward.