In 2014, NSG Group announced its long-term strategic vision and mid-term plan (MTP).
NSG Group had long pursued a business model of mass producing general-purpose glass. In developed countries, however, the need for high-performance, high-precision glass was rapidly increasing. In addition, a number of glass manufacturers of general-purpose glass in developing countries were growing rapidly and cheap products were being exported from China to countries around the world. For these reasons, rather than seeking growth by expanding mass production of general-purpose glass, the Company’s long-term strategic vision shifted to transforming into a VA (value-added) company that offers high value-added products and services.
Since fiscal 2017, the Company has been pursuing MTP Phase 2 with its more aggressive strategies and is steadily making way as a VA glass company.