[India] Asahi Growth Unlikely To Be Replicated

Asahi India Glass is the largest supplier of automotive glass to the auto industry and is increasing its focus on the float glass business. However, MD, Sanjay Labroo, said that the company's profitability in the first half was impacted by one-time events, which are not likely to be repeated. He said, "The first six months result have been influenced to a certain degree by what I call one-time events. We were a little late in expanding our auto capabilities in Chennai, and, because of that had a lot of expense, which was uncalled for, on air freights. This affected our profitability. We supply 90% of the passenger car market in the country. There was a big adjustment in some raw glass prices. A lot of our results have been dampened by one-time events. The six months have shown growth without profit because of certain events which are not going to be repeated".

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Journal Title
Asian Glass Jan/05 4
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N 1649

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[India] Asahi Growth Unlikely To Be Replicated
Asian Glass Jan/05 4
N 1649
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