[Usa] Asahi Glass: Shut Down Of Cinnaminson Plant

Asahi Glass Co.has decided to shut down the Cinnaminson Plant of AFG Industries Inc. in the US aiming to reduce costs for the flat glass business. This decision is in line with the Company's policy to improve earnings in N America as one of its priority measures for "JIKKO-2007", the 3y, medium-term management plan started in 2005. In the flat glass market of N America, where housing glass occupies a greater share, supply of such glass has remained excessive affected strongly by the declining housing market. This, combined with higher costs driven by price surge in raw materials & fuel, including natural gas, has been squeezing the Company's profitability in the region.