Asahi Glass Venture Delayed

Asahi Glass Co Ltd has announced that its glass joint venture in Mexico with South Korean firm Samsung will be delayed, due to a financing problem on the Samsung side. "We do not expect production to begin before the end of this year," said a spokesman for Asahi Glass. The companies set up a joint venture, Video Monitores de Mexico SA de CV, to build a Y3bn factory to annualy make 4m glass funnels for cathode-ray tubes. The factory was initially scheduled to start production in August. (whole item)