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Asahi Glass Co. Ltd. Sep 11
Standard & Poors, Sep 2011
Abstract
Strong market position globally in a broad range of glass and chemical products Superior profitability in the flat panel display (FPD) glass business, thanks to a limited number of rivals as a result of high technical barriers to entry Strong finances, reflecting high cash flow and sufficiently restrained capital investments Continued high dependence on display business Profitability in architectural and automotive glass business still recovering Asahi Glass Co. Ltd. (A/Stable/A-1) handles a broad range of glass, including for construction, automobiles, display panels, and chemical products. The company has established a strong business supported by a number of production sites and sales offices around the world. About 70% of the company's EBITDA comes from its electronics business, illustrating the company's continued...
Companies mentioned in this report are: Asahi Glass Co. Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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