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4-Traders Homepage  >  Equities  >  Tokyo  >  Nippon Sheet Glass Company, Limited    5202   JP3686800008

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Nippon Sheet Glass : New Advanced Press Bending Line for Automotive Windshields

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10/18/2016 | 02:23am CEST

Nippon Sheet Glass Co., Ltd. (HQ: Minato-ku, Tokyo; President: Shigeki Mori, 'NSG') will install a new high-performance press bending line at the Maizuru plant (Kyoto, Japan) for automotive windshields, applying its proprietary technologies. The construction will start this year and the start-up is planned next year.

Press bending is a type of glass-shaping process, in which heated glass is pressed in a mould sheet by sheet. Compared to sag bending where glass is shaped on a mould by its own weight, press-bending is more suitable for windshields demanding a complex three-dimensional shape which perfectly and accurately replicates the vehicle makers' design.

Automotive windshields are increasingly equipped with new functionalities such as advanced driver assisting sensors, cameras and head-up displays. These advanced applications require windshield glass with high surface accuracy and without distortion to ensure precise image projection and enhanced sensor recognition. The roles glass is required to play are expected to broaden in future with a view to the fusion of automotive technology and the intelligent transport system (ITS) technology.

Since our proprietary press bending process provides excellent shaping capability, the expansion will enable us to respond to the growing demand for high performance windshields in coming years.

Top: Complex three-dimensional windshield made with advanced press bending method
Bottom: Conventional windshield

NSG - Nippon Sheet Glass Co. Ltd. published this content on 18 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2016 00:23:03 UTC.

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Financials ( JPY)
Sales 2017 578 617 M
EBIT 2017 30 500 M
Net income 2017 4 883 M
Debt 2017 359 000 M
Yield 2017 -
P/E ratio 2017 15,34
P/E ratio 2018 11,17
EV / Sales 2017 0,75x
EV / Sales 2018 0,72x
Capitalization 74 636 M
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Nippon Sheet Glass Company Technical Analysis Chart | 5202 | JP3686800008 | 4-Traders
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Mean consensus HOLD
Number of Analysts 6
Average target price 808  JPY
Spread / Average Target -2,2%
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Shigeki Mori President, Chief Executive Officer & Director
Seiichi Asaka Chairman
Clemens Miller COO, Director & Executive Vice President
Kenichi Morooka Director, Representative EVP & CFO
Phil Wilkinson Senior Manager-Information System & Purchasing
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