AGC Inc.

Last updated
AGC Inc.
Native name
AGC株式会社
Romanized name
Eijīshī kabushiki gaisha
FormerlyAsahi Glass Company, Ltd.
Type Public KK
TYO: 5201
Nikkei 225 Component
Industry
Founded Amagasaki, Hyōgo, Japan (September 8, 1907 (1907-09-08))
Headquarters1-5-1, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan
Key people
Takuya Shimamura (CEO and President)
Products
RevenueDecrease2.svg ¥ 1,282.570 billion (2016) [1]
Increase2.svg ¥ 96.292 billion (2016) [1]
Increase2.svg ¥ 53.362 billion (2016) [1]
Total assets Decrease2.svg ¥ 1,981.451 billion (2016) [1]
Total equity Increase2.svg ¥ 1,168.743 billion) (2016) [1]
Number of employees
6,269 (non-consolidated)
51,500 (consolidated) (as of December 31, 2013)
Subsidiaries AGC Glass Europe
AGC America
AGC Automotive Glass Mexico
AGC Micro Glass
Asahi India Glass Limited
Website Official website
Footnotes /references
[2] [3]

AGC Inc. (AGC株式会社, AGC kabushiki gaisha), formerly Asahi Glass Co., Ltd.'(旭硝子株式会社), is a Japanese global glass manufacturing company, headquartered in Tokyo. It is the largest glass company in the world and one of the core Mitsubishi companies.

Contents

The company is listed on the Tokyo Stock Exchange and is a constituent of the TOPIX [4] and Nikkei 225 [5] stock indices.

Asahi Glass was named one of Thomson Reuters Top 100 Global Innovators in 2013. [6]

On July 1, 2018, it was renamed to AGC Inc. [7]

Overview

Asahi Glass was founded on 8 September 1907 by Toshiya Iwasaki, the second son of the second president of the original Mitsubishi zaibatsu. It was the first Japanese producer of sheet glass. Asahi Glass Co. is one of the largest flat glass producing companies in the world, owning Glaverbel glass plants across Europe and AFG Industries in North America.[ citation needed ] It purchased AFG Industries in 1992. [8]

Products

Its main areas of production are:

Subsidiaries and affiliates

Price-fixing scandal in Europe

AGC Flat Glass Europe was one of the four flat-glass manufacturers involved in the 2007 price fixing 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. [9] Neelie Kroes, the EU's competition commissioner, said that the EU would "not tolerate companies cheating consumers and business customers by fixing prices and depriving them of the benefits of the single market". [10]

Asahi India Glass Ltd (AIS)

Asahi India Glass Ltd. (AIS) was incorporated in the year 1984. [11] 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 in India and manufactures a wide spectrum of glass products including automotive safety glass, float glass, and architectural processed glass. [12] [13] [14] As of 2017, Asahi India Glass Ltd. has 77.1% market share in the passenger car glass segment in India. [15] [16]

SBUs & products

Asahi India Glass Ltd has 3 Strategic Business Units (SBUs) – Automotive Glass, Architectural Glass, and Consumer Glass. [17] Asahi India Glass Ltd also manufactures uPVC, aluminium and wooden profile windows. [18] [19]

PT Asahimas Flat Glass Tbk

(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 traditional Fourcault Process. Ownership (2014): [20]

NordGlass (Poland)

One of the largest Polish manufacturers 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. [21] [22] [23] [24] 2 plants, in Koszalin and in Słupsk, with annual production exceeding one million panes, NordGlass employs over 1000 employees. [25] [26] 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 in South America (Brazil) and North Africa. Among them, a prominent position is held by Belron, the Belgian operator 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 for Cadillac 355D Fleetwood Special made in 1934 in the USA on the special order for Marshal Józef 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 the Communist Security Service officers who were testing the resistance of glass. It is currently possible to see the renovated vehicle in the Royal Baths Park (Polish: Łazienki Królewskie) in Warsaw. [30]

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Asahi India Glass Limited, known as AIS, is a glass solutions and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products. It also provides consumer glass offerings in the form of Glasxperts and Windshield Experts. AIS was established as a Joint Venture agreement between the Labroo family, Asahi Glass Co. Ltd., Japan, and Maruti Suzuki India Ltd. In the Indian passenger car glass segment, AIS has 77.1% market share as of 2017. AIS also holds 20% market share in India’s architectural glass segment as of 2017.

NordGlass, is a Polish manufacturer of windshields for the repair of passenger cars and trucks, work machinery, railways, ships and military. Headquartered in Koszalin, it has 2 plants: Koszalin and Słupsk, employs over 1,000 employees, has a nationwide network of repair and replacement of car windows. Since 2015 subsidiary of AGC Inc. - the largest glass company in the world and one of the core Mitsubishi companies.

References

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  8. "R.D. Hubbard". NTRA. 2010. Archived from the original on 2015-06-19. Retrieved 2015-06-19.
  9. Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel
  10. Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices
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  13. http://realtyplusmag.com/leading-the-way-with-green-sustainable-products-ais-2/
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  16. https://www.fundsindia.com/blog/wp-content/uploads/2015/05/Research-Report-Asahi-India-Glass-Ltd.pdf?x96223
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  28. "Welcome to Belron". belron.com. Belron. Retrieved August 20, 2020.
  29. "Vehicle Windscreen Repair and Replace, Autoglass". autoglass.co.uk. Belron UK Limited. Retrieved August 20, 2020.
  30. "Renowacja Cadillaca Marszałka Piłsudskiego". autoexpert.pl. Retrieved August 20, 2020.