Nippon to Sell Land in Maizuru, Japan
April 24, 2009
Nippon Sheet Glass Co. Ltd. has announced that it has agreed to
the sale of the land and buildings formerly used for employee accommodations
at its float glass plant in Maizuru, Kyoto, Japan, for approximately
570 million JPY ($5.9 million USD). Sekisui Him Kinki Co. Ltd. has
agreed to purchase these assets, and the sale is scheduled to close
in September 2009.
Company officials say the sale will provide for the "disposal
of redundant non-core assets, consistent with the group's strategy
of debt reduction."
Need more info and analysis about the issues?
HERE to subscribe to USGlass magazine.