NSG Building Products Segment Revenue Falls 3.8 Percent from FY 2011May 10th, 2012 | Category: Industry News
The Japan-based NSG Group, owner of the Pilkington brand, has reported a 3.8 percent drop in revenue for its building products segment for its fiscal year (FY) 2012, compared with FY 2011, according to its most recent financial report.
The company reports revenue of $3.0 billion U.S. dollars (239,400 million Japanese yen) for FY 2012 for the building products segment, compared with $3.1 billion (248,648 million Japanese yen) in FY 2011. The building products business makes up 43 percent of the company’s sales and includes the manufacture and sale of flat glass and various glazing products for both the commercial and residential markets.
The company has attributed the decrease in the building products division to weak markets in Europe and North America. However, company officials say the building products segment in South America grew during the year, though at a slower rate toward the end of the year.
Overall, the NSG Group experienced 4.3 percent drop in revenue for the year, from $7.2 billion for FY2011 to $6.9 billion for FY2012.