Nippon Electric Glass Co., Ltd.
Notice Regarding the Production Shutdown of the Shelby Factory in the United States (Subsidiary / Grandchild) and the Transfer of the Lexington Factory as part of Structural Reforms in the Composite Materials Business
As part of the structural reform of the composite materials business, we have decided to suspend production at the Shelby factory of the consolidated subsidiary EGFA and transfer the Lexington factory. The company will focus resources on growth areas by withdrawing glass fiber production from North America. The transferee is Saint-Gobain Adfors America, Inc.; the completion of the transfer is scheduled for the end of July 2026, with Shelby factory shutdown planned for the end of August 2026. The impact on performance is expected to be minimal for the Lexington transfer, while the impact of the Shelby shutdown is currently under review.
Key Figures
- Lexington factory transferee: Saint-Gobain Adfors America, Inc.
- Transfer closing date: End of July 2026
- Production shutdown date: End of August 2026
AI要約
Overview of Business Strategy & Structural Reforms
This initiative is part of a structural reform aimed at improving profitability and strengthening competitiveness in the composite materials business. It explains the decision to suspend production at the Shelby factory owned by EGFA and to transfer the Lexington factory, thereby withdrawing from glass fiber production in North America. In the past, the Chester factory closure and reassessment of bases in the Netherlands and the United Kingdom have been carried out to concentrate resources in growth areas and pursue mid- to long-term growth and profitability improvement. The transferee is not an related party, and disclosure of the transfer price and other details is being withheld pending the transferee's intentions.
Upcoming Schedule & Impacts
Closing of the Lexington factory transfer is scheduled for the end of July 2026, and the Shelby factory production shutdown is scheduled for the end of August 2026. The Lexington transfer is expected to have a minor impact on earnings, while the impact of the Shelby shutdown is under review and will be disclosed in due course.
日 本 電 気 硝 子 株 式 会 社
Company overview · Stock price · Financial data · All IR
