AGC Inc.

AGC Inc.
Public KK
Traded as TYO: 5201
Nikkei 225 Component
Industry
Founded Amagasaki, Hyōgo, Japan (September 8, 1907 (1907-09-08))
Headquarters 1-5-1, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan
Key people
 Takuya Shimamura (CEO and President)
Products
Revenue Decrease ¥1,282.570 billion (2016)[1]
Increase ¥96.292 billion (2016)[1]
Increase ¥53.362 billion (2016)[1]
Total assets Decrease ¥1,981.451 billion (2016)[1]
Total equity Increase ¥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
Website Official website
Footnotes / references
[2][3]

AGC Inc. (AGC株式会社, AGC Kabushiki-gaisha), formerly Asahi Glass Co., Ltd., 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.

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]

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. It purchased AFG Industries in 1992.[7]

Products

Its main areas of production are:

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

Subsidiaries and affiliates

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

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.[8] 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".[9]

Asahi India Glass Ltd (AIS)

Asahi India Glass Ltd. is jointly promoted by Asahi Glass Co.Ltd. (AGC), Maruti Suzuki India Ltd. (MSIL) and B. M Labroo & Associates. Incorporated in 1984, the Company has grown from being a ‘single-plant single-customer’ company to a glass company with 12 plants and customers spanning across India. Asahi India Glass Ltd. is a public limited Company listed on the National Stock Exchange and Bombay Stock Exchange with around 55,000 shareholders. Asahi India Glass Ltd. has 4 Strategic Business Units (SBUs):

In addition, the corporate functions of Asahi India Glass Ltd. manage, support and coordinate the activities of all four SBUs.

PT Asahimas Flat Glass Tbk

In 1970s, Asahi Glass Co. Ltd. was searching for a new overseas production base after Thailand. In Indonesia, it found a joint partner 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. The company product line was quickly diversified to include products such as Specialty Glass, History Safety Glass, Reflective Glass and Mirror. These days, Asahimas increases an aggregate installed production capacity of 570,000 tons for Flat Glass, 4,500,000 square meters for Safety Glass and 2,400,000 square meters for mirror. This annual capacity ranks Asahimas as the largest glass manufacturer in both Indonesia and Southeast Asia. Ownership (2014):[10]

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

References

  1. 1 2 3 4 5 "AGC financial report 2016" (PDF). AGC Co.
  2. ↑ "Corporate Profile". Asahi Glass. Archived from the original on April 7, 2014. Retrieved March 30, 2014.
  3. ↑ "Financial Statements". Bloomberg Businessweek. Archived from the original on March 30, 2014. Retrieved March 30, 2014.
  4. ↑ "TOPIX Core30 Components" (PDF). Tokyo Stock Exchange, Inc. Archived from the original (PDF) on October 13, 2013. Retrieved March 30, 2014.
  5. ↑ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved March 30, 2014.
  6. ↑ "Top 100 Global Innovators 2013". Thomson Reuters. Retrieved April 17, 2014.
  7. ↑ "R.D. Hubbard". NTRA. 2010. Archived from the original on 2015-06-19. Retrieved 2015-06-19.
  8. ↑ Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel
  9. ↑ Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices
  10. ↑ "PT Asahimas Flat Glass Tbk Company History". PT Asahimas Flat Glass Tbk. Archived from the original on July 2, 2012. Retrieved July 9, 2014.
  • Official website (in English)
  • "Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Asahi Glass Co.
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