JAPAN - NSG, AGC Discuss Impact of the Recent Earthquake
March 14, 2011
The earthquake that struck the coast of Japan on Friday, March 11, devastated much of the country. Cities and towns have been destroyed, and, according to the Wall Street Journal an estimated 3,400 buildings were partially or completely destroyed with damages estimated to likely be in the trillions of yen.
|Disaster Relief Efforts
|A U.S. organization called InterAction has set up a website through which donations can be made to support the relief effort in Japan following the recent earthquake and tsunami. If you’d like to respond and/or donate to the cause, click here. InterAction is an alliance of United States-based international non-governmental organizations.
As the country slowly works to recover, so, too, do two of the world’s largest float glass manufacturers—Nippon Sheet Glass (NSG), which owns Pilkington North America, and Asahi Glass Co. parent of Asahi Flat Glass North America, which are based in Japan.
NSG reported that none of its employees are missing or injured. At its Chiba Plant, Ichihara city, Chiba prefecture, the company says it has confirmed that none of the three glass furnaces there sustained any significant damage. “The operations of these three furnaces were suspended immediately after the earthquake, but we are now working on to resume operations one by one,” NSG reported.
As far as NSG’s other sites in the Tohoku (Northern) and Kanto (Eastern) regions, none of its facilities and equipment sustained any significant damage at the sites in the affected regions. Due to power outage, however, some operations are now being suspended at some of these locations. The company adds that there have been damages to glass stock in warehouses and at sites in the affected area.
NSG reports that the potential financial impact of the earthquake on its performance is still unknown. “However, if circumstances arise that call for any change to our current financial outlook, we will implement timely disclosure,” NSG says.
Kazuhiko Ishimura, president and chief executive officer of Tokyo-based Asahi Glass Co. Ltd. (AGC), also issued a statement on the impact that the earthquake has had on AGC operations. He says the company currently is in the process of confirming the safety of its group members and “it has been reported that several employees have been slightly injured.”
The company says that in consideration of the ongoing serious electricity shortage, the AGC Group will cooperate in the nationwide electricity-saving efforts by reducing electricity use and implementing operation adjustment at its plants.
Stay tuned to glassBYTEs.com™ this week for more updates and reports.
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