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Nippon Sheet Glass Company ( (JP:5202) ) just unveiled an announcement.
Nippon Sheet Glass Co., Ltd. has announced an adjustment in the production schedules of its automotive glass at the Witten site in Germany due to weak demand and ongoing cost pressures in the European market. This decision will result in a workforce reduction of approximately 80 employees and is expected to incur an exceptional cost of JPY 1.1 billion for the financial year ending March 2025. Despite current challenges, the company is optimistic about the medium-to-long-term recovery of European markets.
More about Nippon Sheet Glass Company
Nippon Sheet Glass Co., Ltd. operates in the glass manufacturing industry, with a focus on automotive glass through its subsidiary Pilkington Automotive Deutschland GmbH in Germany. The company is involved in the production of automotive glass at their Witten site.
YTD Price Performance: 4.17%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $217.4M
See more data about 5202 stock on TipRanks’ Stock Analysis page.
