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Pilkington expands automotive operations in China

Pilkington, and its affiliate Shanghai Yaohua Pilkington Glass Company Limited (SYP), are expanding their automotive operations in China, with the acquisition of the Ford Motor Company“s 51% share of…

Pilkington, and its affiliate Shanghai Yaohua Pilkington Glass Company Limited (SYP), are expanding their automotive operations in China, with the acquisition of the Ford Motor Company“s 51% share of “Shanghai FuHua Glass Company Limited” (FuHua), the largest automotive glass company in the Shanghai area. FuHua is a major supplier of glass products to Shanghai Volkswagen and Ford of Australia, and is located adjacent to SYP“s float plant in Shanghai. In a recent company statement, Pilkington Group Chief Executive Paolo Scaroni said: “This is an excellent opportunity to consolidate our leading position in the fast growth Chinese automotive market. It is directly in line with our stated strategy of growing our presence in developing economies where we can add our technology and global experience. We will continue to look for further strategic acquisitions in the Asia region, and China in particular, where Pilkington has a strong position.” Following this acquisition, it is planned to rename the company “Shanghai Yaohua Pilkington Autoglass Company Limited”, and restructure the ownership of the company to bring SYP in as the managing partner of the venture. Pilkington will remain the technology-providing partner to the company.

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