Ceramic Industry News

NSG Group Moves to Strengthen its Solar Energy Business in China

Nippon Sheet Glass Co., Ltd. has agreed to a share exchange transaction with China Glass Holdings Ltd. Under the terms of the agreement, NSG Group will acquire 100% control of Taicang Pilkington China Glass Special Glass Limited in return for the sale to China Glass Holdings of part of the 40.14% stake owned by NSG Group in JV Investments Limited.

NSG Group has two joint ventures with China Glass Holdings in which NSG Group currently has a 29.9% equity stake. One is a 50:50 joint venture based in Taicang, China, that is focused on the manufacture and sale of low-iron rolled glass, which is used in the manufacture of crystalline silicon-based solar modules. The other joint venture, JV Investments Limited, is with China Glass Holdings and a private equity fund managed by Hony Capital. This joint venture, in which NSG Group has a 40.14% stake, has ownership interests in a number of float lines in China. It is managed by China Glass Holdings and Hony Capital.

Under the terms of the share exchange agreement, NSG Group will acquire the 50% stake owned by China Glass Holdings in Taicang Pilkington China Glass Special Glass Limited. In return, NSG Group will sell to China Glass Holdings 14.68% of the issued share capital of JV Investments Limited. Accordingly, upon completion of the transaction, NSG Group will own 100% of Taicang Pilkington China Glass Special Glass Limited and 25.46% of JV Investments Limited. Completion of the share exchange is subject to approval by the other shareholders of China Glass Holdings.

NSG Group believes that taking 100% ownership of the Taicang line is in its best interests, as the line forms part of its solar energy business unit and is focused on the production of value-added products. JV Investments is, on the other hand, primarily focused on the manufacture and sale of commodity float products in China and is managed by China Glass Holdings. While NSG Group is confident about the prospects of both joint ventures, the share swap is consistent with NSG Group's strategic objective to further develop its solar business.

For more information, visit www.nsggroup.net.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!