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AGC Inc.

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AGC Inc.
Native name
AGC kabushiki gaisha
Eijīshī kabushiki gaisha
FormerlyAsahi Glass Company, Ltd.
Company typePublicKK
TYO:5201
Nikkei 225 Component
Industry
FoundedAmagasaki,Hyōgo,Japan (September 8, 1907;117 years ago(1907-09-08))
HeadquartersShin-Marunouchi Building,Marunouchi,Chiyoda-ku,Tokyo 100-8405, Japan
Key people
Yoshinori Hirai[jp][1]
(PresidentandCEO)
Products
RevenueDecrease¥1,282.570 billion (2016)[2]
Increase¥96.292 billion (2016)[2]
Increase¥53.362 billion (2016)[2]
Total assetsDecrease¥1,981.451 billion (2016)[2]
Total equityIncrease¥1,168.743 billion) (2016)[2]
OwnerMitsubishi Group
Number of employees
6,269 (non-consolidated)
51,500 (consolidated) (as of December 31, 2013)
SubsidiariesAGC Glass Europe
AGC America
AGC Automotive Glass Mexico
AGC Micro Glass
Asahi India Glass Limited
WebsiteOfficial website
Footnotes / references
[3][4]

AGC Inc.(AGC kabushiki gaisha,AGC kabushiki gaisha),formerlyAsahi Glass Co., Ltd.'( húc tiêu tử kabushiki gaisha ), is aJapaneseglobalglass manufacturingcompany, headquartered inTokyo.It is the largest glass company in the world and one of the coreMitsubishicompanies.

The company is listed on theTokyo Stock Exchangeand is a constituent of theTOPIX[5]andNikkei 225[6]stock indices.

Asahi Glass was named one ofThomson ReutersTop 100 Global Innovators in 2013.[7]

On July 1, 2018, it was renamed toAGC Inc.[8]

Overview

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Asahi Glass was founded on 8 September 1907 by Toshiya Iwasaki, the second son of the second president of the original Mitsubishizaibatsu.It was the first Japanese producer of sheet glass. Asahi Glass Co. is one of the largest flat glass producing companies in the world, owningGlaverbelglass plants acrossEuropeandAFG IndustriesinNorth America.[9]It purchased AFG Industries in 1992.[10]

Products

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Its main areas of production are:

  • Automotive glass and industrial material
  • Bio-technology and environment
  • Commodity and performance chemicals
  • Display glass (includingDragontrailsmartphonedisplays)
  • Electronic materials and products
  • Flat glass and construction material
  • Optics and telecommunication

Subsidiaries and affiliates

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  • AGC Automotive
  • AGC Biologics
  • AGC Electronics America
  • AGC Chemicals Americas
  • AGC Chemicals Europe
  • Asahi India Glass Limited(known as AIS)
  • Asahi Fiber
  • AGC Techno Glass thailand
  • Ise Chemical Industries
  • Optrex Corp.
  • Asahi Glass Foundation
  • AGC Glass Europe(formerly known as Glaverbel)
  • AGC Asia Pacific Pte Ltd
  • NordGlassLtd.,Poland

Price-fi xing scandal in Europe

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AGC Flat Glass Europe was one of the four flat-glass manufacturers involved in the 2007, price fi xing scandal uncovered by the EU Competition Commission. The European Commission said that the firms had raised or stabilised prices in 2004, and 2005, through illicit contacts.[11]Neelie Kroes, the EU's competition commissioner, said that the EU would "not tolerate companies cheating consumers and business customers by fi xing prices and depriving them of the benefits of the single market".[12]

Asahi India Glass Ltd (AIS)

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Asahi India Glass Ltd. (AIS) was incorporated in the year 1984.[13]The company was formed by a JV agreement between the Labroo family, Asahi Glass Co. Ltd. (AGC), Japan, and Maruti Suzuki India Ltd. It is the largest Automotive glass manufacturing company inIndiaand manufactures a wide spectrum of glass products including automotive safety glass, float glass, and architectural processed glass.[14][15][16] As of 2017, Asahi India Glass Ltd. has 77.1% market share in the passenger car glass segment in India.[17][18]

SBUs & products

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Asahi India Glass Ltd has 3 Strategic Business Units (SBUs) – Automotive Glass, Architectural Glass, and Consumer Glass.[15]Asahi India Glass Ltd also manufactures uPVC, aluminium and wooden profile windows.[19][20]

PT Asahimas Flat Glass Tbk

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(IDX:AMFG) is one of the largest automobile glass makers in Indonesia. In 1970s, Asahi Glass Co. Ltd. went into a joint venture with PT Rodamas, a merchant company turned consumer and industrial product manufacturer. Both established Asahimas Flat Glass in April 1973. It produced simple clear glass using the traditionalFourcault Process.Ownership (2014):[21]

  • Asahi Glass Co., Ltd. (43.86%)
  • PT Rodamas (40.84%)
  • Public (14.96%)
  • Employee's Cooperative (0.36%)

NordGlass(Poland)

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One of the largestPolishmanufacturers of windshields for the repair of passenger cars and trucks, working machines, railways, ships, construction and military (armored glass), NordGlass was acquired by AGC in 2015.[22][23][24][25]2 plants, inKoszalinand inSłupsk,with annual production exceeding one million panes, NordGlass employs over 1000 employees.[26][25]NordGlass has a nationwide network of repair and replacement of car windows.[27] The recipients of the main NordGlass product – windshields for motor vehicles, are the companies dealing with professional car glass replacement are all over Europe, as well as inSouth America(Brazil) andNorth Africa.Among them, a prominent position is held by Belron, theBelgianoperator of Europe's largest international glass replacement network. NordGlass is one of the main windscreen suppliers for this customer.[28][29]

In 2014, NordGlass manufactured the set of bulletproof windows forCadillac 355D Fleetwood Specialmade in 1934, in theUSAon the special order for MarshalJózef Piłsudski.The completion of the vehicle glazing constituted the essential part of the thorough vehicle renovation project. The original windows showed traces of bullets, most probably fired in the post-war period by theCommunist Security Serviceofficers who were testing the resistance of glass. It is currently possible to see the renovated vehicle in theRoyal Baths Park(Polish: Łazienki Królewskie) inWarsaw.[30]

References

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  1. ^"Message from Top Management".Retrieved2024-01-11.
  2. ^abcde"AGC financial report 2016"(PDF).AGC Co.Archived(PDF)from the original on 2017-12-03.Retrieved2021-11-26.
  3. ^"Corporate Profile".Asahi Glass. Archived fromthe originalon April 7, 2014.RetrievedMarch 30,2014.
  4. ^"Financial Statements".Bloomberg Businessweek.Archived fromthe originalon March 30, 2014.RetrievedMarch 30,2014.
  5. ^"TOPIX Core30 Components"(PDF).Tokyo Stock Exchange, Inc. Archived fromthe original(PDF)on October 13, 2013.RetrievedMarch 30,2014.
  6. ^"Components:Nikkei Stock Average".Nikkei Inc.Archivedfrom the original on November 14, 2016.RetrievedMarch 30,2014.
  7. ^"Top 100 Global Innovators 2013".Thomson Reuters.Archivedfrom the original on November 1, 2015.RetrievedApril 17,2014.
  8. ^"AGC REPORT 2018"(PDF).AGC Inc. Archived fromthe original(PDF)on January 17, 2022.RetrievedAugust 19,2020.
  9. ^"The Flat Glass Company (Asahi Glass): two major investmentsin Mexico and Russia ｜ News ｜ AGC".AGC.Retrieved2023-02-19.
  10. ^ "R.D. Hubbard".NTRA.2010. Archived fromthe originalon 2015-06-19.Retrieved2015-06-19.
  11. ^"Antitrust: Commission fines flat glass producers € 486.9 million for price fi xing cartel".Archivedfrom the original on 2011-05-19.Retrieved2021-11-26.
  12. ^Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fi xing prices
  13. ^"Asahi Ind Glass share price live today – Why Asahi Ind Glass share price is falling by 6.4% today? Asahi Ind Glass share price analysis | ETMarkets".Archivedfrom the original on 2021-11-05.Retrieved2021-11-26.
  14. ^"Asahi India Glass: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Asahi India Glass – NDTV".Archivedfrom the original on 2019-09-17.Retrieved2021-11-26.
  15. ^ab"Leading the way with 'Green & Sustainable' products: AIS".3 March 2018.Archivedfrom the original on 25 June 2020.Retrieved26 November2021.
  16. ^"Asahi India Glass Ltd".Business Standard India.Archivedfrom the original on 2021-10-28.Retrieved2021-11-26.
  17. ^"Asahi India Glass banks on positive auto market trend – Motorindia".Archivedfrom the original on 2019-09-15.Retrieved2021-11-26.
  18. ^"Archived copy"(PDF).Archived(PDF)from the original on 2018-10-22.Retrieved2021-11-26.{{cite web}}:CS1 maint: archived copy as title (link)
  19. ^"Pacific Metals Co Ltd (5541.T)".Reuters.Archivedfrom the original on 5 March 2016.Retrieved15 September2015.
  20. ^"Company Overview of Asahi India Glass Limited".Bloomberg. Archived fromthe originalon 2018-10-22.Retrieved2021-11-26.
  21. ^"PT Asahimas Flat Glass Tbk Company History".PT Asahimas Flat Glass Tbk. Archived fromthe originalon July 2, 2012.RetrievedJuly 9,2014.
  22. ^"Enterprise Investors sells NordGlass to AGC Automotive Europe".ei.pl. 27 April 2015.Archivedfrom the original on 18 March 2016.RetrievedAugust 20,2020.
  23. ^"AGC Automotive Europe confirms acquisition of NordGlass during State visit to Polands".glassonweb.RetrievedAugust 20,2020.
  24. ^"AGC acquires NordGlass (Poland), Active in Automotive Replacement Glass".automotiveworld. 28 April 2015.RetrievedAugust 20,2020.
  25. ^ab"AGC Automotive Europe Acquires NordGlass".glassbytes.28 April 2015.Archivedfrom the original on 22 December 2015.RetrievedAugust 20,2020.
  26. ^"Miliony szyb, miliony zysku. Szklany sukces NordGlass".forbes.pl.Archivedfrom the original on September 22, 2020.RetrievedAugust 20,2020.
  27. ^"Miliony szyb, miliony zysku. Szklany sukces NordGlass".forbes.pl.Archivedfrom the original on September 22, 2020.RetrievedAugust 20,2020.
  28. ^"Welcome to Belron".belron.Belron.Archivedfrom the original on August 14, 2020.RetrievedAugust 20,2020.
  29. ^"Vehicle Windscreen Repair and Replace, Autoglass".autoglass.co.uk.Belron UK Limited.Archivedfrom the original on August 19, 2020.RetrievedAugust 20,2020.
  30. ^"Renowacja Cadillaca Marszałka Piłsudskiego".autoexpert.pl. 17 October 2014.Archivedfrom the original on 8 July 2020.RetrievedAugust 20,2020.
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