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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
Motoharu Matsumoto[1]
(Chairman of the Board)
Akira Kishimoto[1]
(President)
Products
RevenueDecrease ¥279.974 billion (2023) [2]
Decrease ¥26.285 billion (2023) [2]
Number of employees
5,578 [1]
WebsiteOfficial website
Footnotes / references
[3][4][5]

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).[6]

The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 stock index.[7]

History

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  • 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 with O-I Glass. (Techneglas)[8][9][10][11]
  • 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.[12]
  • 2017: Acquired three of the largest fiberglass factories in the world from PPG, the largest of which being in Shelby, North Carolina, US.[13]

Products

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References

[edit]
  1. ^ a b c "Integrated Report 2023" (PDF). Nippon Electric Glass. Retrieved 30 July 2024.
  2. ^ a b "CONSOLIDATED FINANCIAL RESULTS for the Year Ended December 31, 2023 (Unaudited) <under Japanese GAAP>" (PDF). Nippon Electric Glass Co., Ltd. Retrieved 30 July 2024.
  3. ^ "Corporate Information". Nippon Electric Glass. Retrieved September 5, 2014.
  4. ^ "Company Summary". Google Finance. Retrieved September 5, 2014.
  5. ^ "Corporate Financials". Bloomberg Businessweek. Archived from the original on September 5, 2014. Retrieved September 5, 2014.
  6. ^ "Display Glass: Bigger, Thinner, and Stronger". Society for Information Display. January 2012. Retrieved September 7, 2014.
  7. ^ "Components:Nikkei Stock Average". Nikkei Inc. Archived from the original on November 14, 2016. Retrieved September 5, 2014.
  8. ^ "Television glass-maker Techneglas owes creditors $50 million".
  9. ^ "Techneglas plant shutting down; 382 jobs lost - 2004-08-03 - Business First of Columbus". Archived from the original on 2005-03-02.
  10. ^ "Construction of Distribution Building Begins on the Former Techneglas Site". Associated Press. 14 November 2018.
  11. ^ "Former O-I TV tube venture to halt output".
  12. ^ "Company History". Nippon Electric Glass. Retrieved September 5, 2014.
  13. ^ "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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