Temporary suspension and production adjustments at the float glass furnace for thin sheet glass in Vietnam
First written in FY2016. 2 of 8 entries say "Achieved", first in FY2017-Q1. Latest entry: FY2020.
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- FY2020AchievedAnnual report
「The equipment in Vietnam was installed, and operations began in February 2020.」
The conversion and restart of the previously idle equipment in Vietnam from thin glass production to glass for solar panels was completed, and operations began in February 2020. - FY2019-Q1AdvancedAnnual report
「The gain on reversal of impairment losses on property, plant and equipment and other assets during the first quarter of the fiscal year under review related to the float glass production line in Vietnam. This production line had been shut down after impairment in the fiscal year ended March 2016. The Group has decided to convert the production line from thin glass production to glass for solar cells.」
For the previously idle float line in Vietnam, the decision to convert it from thin glass production to glass for solar cells was explicitly disclosed, leading to the recognition of a ¥2.686 billion gain on reversal of impairment losses. - FY2018ReframedAnnual report
「The Group's major capital investment plans for periods after the consolidated fiscal year under review, beginning with the fiscal year ending March 2019, include investment to refurbish and restart the currently idle float furnace in Vietnam and to build a new float furnace in the United States to increase production of transparent conductive oxide (TCO) glass for solar panels, as well as other investments in the Architectural Glass business, with total planned investment of approximately ¥38 billion.」
The treatment of the temporarily idle furnace in Vietnam was developed into a specific refurbishment and restart plan to increase TCO glass production and positioned as part of an integrated investment plan with the construction of a new furnace in the United States. - FY2018-Q1AdvancedAnnual report
「Operating profit was affected by the cold repair of the float furnace in Vietnam, which was completed in the first quarter under review.」
The cold repair of the float furnace in Vietnam was completed in the first quarter under review. - FY2017-Q3RestatedAnnual report
「The operating loss in the Display business narrowed from the same period of the previous year following the temporary suspension of the Group's float furnace for thin glass in Vietnam.」
The relationship between the temporary suspension of the float furnace in Vietnam and the reduction in the Display business's loss was reconfirmed. - FY2017-Q2RestatedAnnual report
「The operating loss in the Display business narrowed from the same period of the previous year following the temporary suspension of the Group's float furnace for thin glass in Vietnam.」
The relationship between the temporary suspension of the float furnace for thin glass in Vietnam and the reduction in the Display business's operating loss was reiterated. - FY2017-Q1AchievedAnnual report
「The operating loss in the Display business narrowed from the same period of the previous year following the temporary suspension of the Group's float furnace for thin glass in Vietnam.」
The temporary suspension of the float furnace for thin glass in Vietnam was implemented, contributing to a reduction in the Display business's operating loss. - FY2016First statedAnnual report
「We have decided to adjust production of thin display glass, including the temporary suspension of the float furnace for thin glass in Vietnam. The timing of the furnace's restart in Vietnam will be determined based on future market and inventory conditions, among other factors.」
Production adjustments were decided in response to oversupply and falling prices, with the restart timing to be determined based on market and inventory conditions.