Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Japan-Update Asahi Glass profit rises 30%, shattering forecast Chemicals grow in Southeast Asia; automotive glass struggles An Asahi Glass plant in Thailand. Southeast Asian demand for chemicals is underpinning the company's profit growth.
December 29, 2017 02:11 JST | Japan
Asahi Glass is expected to post a group operating profit of around 125 billion yen ($1.1 billion) for the year ending Sunday, up 30% from 2016 and 10 billion yen more than projected.
Sales of chemical products have been strong. While the electronics business has been recovering, the core glass business has not been performing particularly well.
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