The Apollo Fund formally completed its acquisition of Nippon Sheet Glass. Under the new management structure, the company is strengthening its financial foundation and taking its first step toward sustainable growth.
The Apollo Fund formally completed its acquisition of Nippon Sheet Glass, and NSG established a new management structure. The company has outlined plans to promote growth across its businesses, including its glass and automotive divisions, by supporting efforts to strengthen its financial foundation.
NSG President and CEO Hosonuma Munehiro (細沼宗浩) said the company would achieve sustainable business development by moving into a new phase while preserving the technologies and brand it has cultivated over many years.
The Apollo Fund and major financial institutions plan to support efforts to strengthen NSG's financial foundation so that it can invest in its people and technology going forward.
The initiative aims to build a sustainable business foundation by bringing together the strengths of the group and is positioned as part of its long-term growth strategy.