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Nippon Electric Glass

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Nippon Electric Glass Co., Ltd.
Company typePublic KK
TYO: 5214
Nikkei 225 Component
IndustryGlass
Founded(December 1, 1949; 74 years ago (1949-12-01))
Headquarters7-1, Seiran 2-chome, Ōtsu, Shiga 520-8639, Japan
Key people
Yuzo Izutsu
(Chairman of the Board)
Masayuki Arioka
(President)
Products
RevenueDecrease US$ 2.4 billion (FY 2013) (¥ 252.54 billion) (FY 2013)
Increase US$ 118.2 million (FY 2013) (¥ 12.43 billion) (FY 2013)
Number of employees
5,275 (consolidated as of June 2014)
WebsiteOfficial website
Footnotes / references
[1][2][3]

Nippon Electric Glass Co., Ltd. (日本電気硝子株式会社, Nippon Denki Garasu Kabushiki-gaisha), also known as NEG, is a Japanese glass manufacturer. The company is a manufacturer of glass for flat panel displays (FPD). It has about 20% share in the world's production of glass for liquid crystal displays (LCD).[4]

The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 stock index.[5]

History

  • 1944: Established with investment from NEC Corporation and other companies.
  • 1949: Separated from NEC, and Nippon Electric Glass was founded as an independent company.
  • 1951: Successfully began use of the Danner process to form glass tubing automatically; initiated mass production.
  • 1956: Started continuous production of glass tubing using a tank furnace.
  • 1965: Started production of black-and-white CRT glass.
  • 1968: Started production of color CRT glass.
  • 1973: Company stock listed on the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE) (Second Section).
  • 1974: Started production of thin sheet glass for LCDs.
  • 1983: Company stock transferred to the First Section of the TSE and OSE.
  • 1988: Started CRT glass operations in the US via joint venture.
  • 1998: Started production of PDP substrate glass using the float process.
  • 1999: Acquired ISO 14001 certification for all plants in Japan.
  • 1999: Started production of LCD substrate glass by the overflow process.
  • 2004: Ended CRT glass production in the US and Mexico.
  • 2010: Started production of substrate glass for solar cells.[6]
  • 2017: Acquired three of the largest fiberglass factories in the world from PPG, the largest of which being in Shelby, North Carolina.[7]

Products

References

  1. ^ "Corporate Information". Nippon Electric Glass. Retrieved September 5, 2014.
  2. ^ "Company Summary". Google Finance. Retrieved September 5, 2014.
  3. ^ "Corporate Financials". Bloomberg Businessweek. Retrieved September 5, 2014.
  4. ^ "Display Glass: Bigger, Thinner, and Stronger". Society for Information Display. January 2012. Retrieved September 7, 2014.
  5. ^ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved September 5, 2014.
  6. ^ "Company History". Nippon Electric Glass. Retrieved September 5, 2014.
  7. ^ "PPG Reaches Agreement with Nippon Electric Glass for Sale of Remaining Fiberglass Operations". Pittsburgh Plate Glass Industries. Retrieved August 22, 2017.


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