AGC Inc. explained

AGC Inc.
Former Name:Asahi Glass Company, Ltd.
Native Name:AGC株式会社
Native Name Lang:ja
Romanized Name:Eijīshī kabushiki gaisha
Type:Public KK
Traded As:
Nikkei 225 Component
Foundation:Amagasaki, Hyōgo, Japan
Location:Shin-Marunouchi Building, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan
Key People:[1]
(President and CEO)
Revenue: 1,282.570 billion (2016)[2]
Operating Income: 96.292 billion (2016)
Net Income: 53.362 billion (2016)
Assets: 1,981.451 billion (2016)
Equity: 1,168.743 billion) (2016)
Subsid:AGC Glass Europe
AGC America
AGC Automotive Glass Mexico
AGC Micro Glass
Asahi India Glass Limited
Owner:Mitsubishi Group
Num Employees:6,269 (non-consolidated)
51,500 (consolidated) (as of December 31, 2013)
Homepage:Official website
Footnotes:[3] [4]

, 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.

The company is listed on the Tokyo Stock Exchange and is a constituent of the TOPIX[5] and Nikkei 225[6] stock indices.

Asahi Glass was named one of Thomson Reuters Top 100 Global Innovators in 2013.[7]

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

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.[9] It purchased AFG Industries in 1992.[10]

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.[11] 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".[12]

Asahi India Glass Ltd (AIS)

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 in India and 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

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

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):[21]

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.[22] [23] [24] [25] 2 plants, in Koszalin and in Słupsk, 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 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]

External links

Notes and References

  1. Web site: Message from Top Management . 2024-01-11.
  2. Web site: AGC financial report 2016 . AGC Co. . 2021-11-26 . 2017-12-03 . https://web.archive.org/web/20171203082803/http://www.agc.com/en/news/pdf/20170207e_1.pdf . live .
  3. Web site: Corporate Profile . Asahi Glass . March 30, 2014 . dead . https://web.archive.org/web/20140407094910/http://www.agc.com/english/company/profile.html . April 7, 2014 .
  4. Web site: Financial Statements . https://archive.today/20140330174803/http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=5201:JP . dead . March 30, 2014 . . March 30, 2014 .
  5. Web site: TOPIX Core30 Components . Tokyo Stock Exchange, Inc. . March 30, 2014 . dead . https://web.archive.org/web/20131013065445/http://www.tse.or.jp/english/market/topix/data/b7gje60000003v9e-att/Large70-201310-e.pdf . October 13, 2013 .
  6. Web site: Components:Nikkei Stock Average . Nikkei Inc. . March 30, 2014 . November 14, 2016 . https://web.archive.org/web/20161114003556/http://indexes.nikkei.co.jp/en/nkave/index/component?idx=nk225#15 . live .
  7. Web site: Top 100 Global Innovators 2013 . . April 17, 2014 . November 1, 2015 . https://web.archive.org/web/20151101024730/http://top100innovators.com/ . live .
  8. Web site: AGC REPORT 2018 . AGC Inc. . August 19, 2020 . January 17, 2022 . https://web.archive.org/web/20220117044913/https://www.agc.com/en/csr/pdf/agc_report_en_2018.pdf . dead .
  9. Web site: The Flat Glass Company (Asahi Glass): two major investmentsin Mexico and Russia ｜ News ｜ AGC . 2023-02-19 . AGC . en.
  10. News: R.D. Hubbard . . 2010 . 2015-06-19 . dead . https://web.archive.org/web/20150619200932/http://files.ntra.com/stats_bios.aspx?id=3602 . 2015-06-19 .
  11. Web site: Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel . 2021-11-26 . 2011-05-19 . https://web.archive.org/web/20110519104442/http://europa.eu/rapid/pressReleasesAction.do?reference=IP%2F07%2F1781 . live .
  12. http://news.bbc.co.uk/1/hi/business/7116770.stm Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices
  13. Web site: 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. 2021-11-26. 2021-11-05. https://web.archive.org/web/20211105141819/http://economictimes.indiatimes.com/asahi-india-glass-ltd/stocks/companyid-14039.cms. live.
  14. Web site: Asahi India Glass: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Asahi India Glass – NDTV. 2021-11-26. 2019-09-17. https://web.archive.org/web/20190917075404/https://www.ndtv.com/business/stock/asahi-india-glass-ltd_asahiindia/reports. live.
  15. Web site: Leading the way with 'Green & Sustainable' products: AIS. 3 March 2018. 26 November 2021. 25 June 2020. https://web.archive.org/web/20200625170355/https://realtyplusmag.com/leading-the-way-with-green-sustainable-products-ais-2/. live.
  16. News: Asahi India Glass Ltd. Business Standard India. 2021-11-26. 2021-10-28. https://web.archive.org/web/20211028185026/https://www.business-standard.com/company/asahi-india-glas-1024/information/company-history. live.
  17. Web site: Asahi India Glass banks on positive auto market trend – Motorindia. 2021-11-26. 2019-09-15. https://web.archive.org/web/20190915044317/http://www.motorindiaonline.in/component/asahi-india-glass-banks-on-positive-auto-market-trend/. live.
  18. Web site: Archived copy . 2021-11-26 . 2018-10-22 . https://web.archive.org/web/20181022153135/https://www.fundsindia.com/blog/wp-content/uploads/2015/05/Research-Report-Asahi-India-Glass-Ltd.pdf?x96223 . live .
  19. Web site: Pacific Metals Co Ltd (5541.T). Reuters. 15 September 2015. 5 March 2016. https://web.archive.org/web/20160305115752/http://www.reuters.com/finance/stocks/companyProfile?symbol=5541.T. live.
  20. Web site: Company Overview of Asahi India Glass Limited. dead. https://web.archive.org/web/20181022113324/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9898881. 2018-10-22. Bloomberg. 2021-11-26.
  21. Web site: PT Asahimas Flat Glass Tbk Company History . https://web.archive.org/web/20120702071717/http://amfg.co.id/en/company/history.html . dead . July 2, 2012 . PT Asahimas Flat Glass Tbk. . July 9, 2014 .
  22. Web site: Enterprise Investors sells NordGlass to AGC Automotive Europe . 27 April 2015 . ei.com.pl . August 20, 2020 . 18 March 2016 . https://web.archive.org/web/20160318102536/http://www.ei.com.pl/en/enterprise-investors-sells-nordglass-agc-automotive-europe/ . live .
  23. Web site: AGC Automotive Europe confirms acquisition of NordGlass during State visit to Polands . glassonweb.com . August 20, 2020 .
  24. Web site: AGC acquires NordGlass (Poland), Active in Automotive Replacement Glass . 28 April 2015 . www.automotiveworld.com . August 20, 2020 .
  25. Web site: AGC Automotive Europe Acquires NordGlass . glassbytes.com . 28 April 2015 . August 20, 2020 . 22 December 2015 . https://web.archive.org/web/20151222164241/http://www.glassbytes.com/2015/04/agc-automotive-europe-acquires-nordglass/ . live .
  26. Web site: Miliony szyb, miliony zysku. Szklany sukces NordGlass . forbes.pl . August 20, 2020 . September 22, 2020 . https://web.archive.org/web/20200922005405/https://www.forbes.pl/diamenty/2016/artykuly/miliony-szyb-miliony-zysku-szklany-sukces-nordglass/rd8yy2r . live .
  27. Web site: Miliony szyb, miliony zysku. Szklany sukces NordGlass . forbes.pl . August 20, 2020 . September 22, 2020 . https://web.archive.org/web/20200922005405/https://www.forbes.pl/diamenty/2016/artykuly/miliony-szyb-miliony-zysku-szklany-sukces-nordglass/rd8yy2r . live .
  28. Web site: Welcome to Belron . Belron . belron.com . August 20, 2020 . August 14, 2020 . https://web.archive.org/web/20200814164954/https://www.belron.com/ . live .
  29. Web site: Vehicle Windscreen Repair and Replace, Autoglass . Belron UK Limited . autoglass.co.uk . August 20, 2020 . August 19, 2020 . https://web.archive.org/web/20200819081001/https://www.autoglass.co.uk/ . live .
  30. Web site: Renowacja Cadillaca Marszałka Piłsudskiego . 17 October 2014 . autoexpert.pl . August 20, 2020 . 8 July 2020 . https://web.archive.org/web/20200708025400/https://www.autoexpert.pl/artykuly/renowacja-cadillaca-marszalka-pilsudskiego . live .

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