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News from the glass and refractory ceramics worlds

Aruvian Research presents analysis of Asahi Glass Co. A complete and comprehensive analysis of Asahi Glass Company includes an overview of the industry the company operates in, and then moves on to analyzing the company itself.

• Also, beginning May 1, 2013, Asahi Glass Co. will integrate operations at its Kansai plant and Takasago plant, Japan. Both located in the Kansai area, the plants have operated separately for the manufacturing of glass substrates for display devices, specialty glass for display applications and other display glass.

• In May 2012, Glaston Corp. initiated legal proceedings in China against Luoyang North Glass Technologies (Northglass) and Luoyang Land Glass Technologies (Landglass) regarding patent infringement cases. The Patent Reexamination Board in Beijing has now given decisions to invalidate Glaston’s patents in question based on Land Glass’ and North Glass’ invalidation claims filed after the infringement suits. Glaston said it was disappointed by the decisions and will take further action.

Zimbabwe Glass Industries (Zimglass), the country’s sole glass manufacturer, is still reeling in financial woes seven months after the company resumed operations. The company resumed operations in September last year following a $7 million cash injection after the firm had taken a two-year hiatus, which saw one of the furnaces being renovated.

• SA companies that participated in cartel activity in the glass manufacturing industry face prosecution by the [South African] Competition Tribunal following an investigation by the Competition Commission. The commission’s investigation, which started in 2010, showed that Glass South Africa, National Glass, Northern Hardware and Glass, Furman Glass, McCoy’s Glass, and AF-FSL Glass fixed minimum selling prices.

• At its meeting on April 4, 2013, the RHI Supervisory Board approved the annual financial statements 2012 of RHI AG and the consolidated financial statements 2012. The preliminary results of the RHI Group as published on March 8, 2013, are thus confirmed.

Alkane Resources has completed a definitive feasibility study (DFS) for its Dubbo Zirconia Project in New South Wales that estimates an initial 20-year life and a net present value of Australian $1.23 billion. The DFS has confirmed a technically and financially robust project which will deliver a total life of mine EBITDA of A $5.23 billion from a 1 million ton per annum operation. The Dubbo Zirconia Project is a strategic and alternate source of zirconium and heavy rare-earth products with a resource capable of very long term supply.