Asahi Glass Co.

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Asahi Glass Co., Ltd.
Public KK
Traded as TYO: 5201
Nikkei 225 Component
Industry
Founded Amagasaki, Hyōgo, Japan (September 17, 1921 (1921-09-17))
Headquarters 1-5-1, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan
Key people
Kazuhiko Ishimura, (CEO and President)
Products
Revenue

Increase $ 12.843 billion (FY 2013)

(¥ 1,320 billion) (FY 2013)

Decrease $ 157 million (FY 2013)

(¥ 16.139 billion) (FY 2013)
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
[1][2]

Asahi Glass Co., Ltd. (旭硝子株式会社 Asahi Garasu Kabushiki-gaisha?), more commonly known as AGC, is a global glass manufacturing company, headquartered in Tokyo. It is one of the core Mitsubishi companies.

The company is listed on the Tokyo Stock Exchange and is a constituent of the TOPIX [3] and Nikkei 225[4] stock indices.

Asahi Glass was named one of Thomson Reuters Top 100 Global Innovators in 2013.[5]

Overview[edit]

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.[6]

Products[edit]

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[edit]

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

Price-fixing scandal in Europe[edit]

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.[7] 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".[8]

AIS India Glass Ltd[edit]

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 3 Strategic Business Units (SBUs):

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

PT Asahimas Flat Glass Tbk[edit]

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. Therefore, its product line was quickly diversified to include new, innovative 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 large number of annual capacity ranks Asahimas not only as the largest glass manufacturer in Indonesia but also in Southeast Asia. Ownership (2014):[9]

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

References[edit]

  1. ^ "Corporate Profile". Retrieved March 30, 2014. 
  2. ^ "Financial Statements". Bloomberg Businessweek. Retrieved March 30, 2014. 
  3. ^ "TOPIX Core30 Components" (PDF). Tokyo Stock Exchange, Inc. Retrieved March 30, 2014. 
  4. ^ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved March 30, 2014. 
  5. ^ "Top 100 Global Innovators 2013". Thomson Reuters. Retrieved April 17, 2014. 
  6. ^ "R.D. Hubbard". NTRA. 2010. Retrieved 2015-06-19. 
  7. ^ Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel
  8. ^ Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices
  9. ^ "PT Asahimas Flat Glass Tbk Company History". PT Asahimas Flat Glass Tbk. Retrieved July 9, 2014. 

External links[edit]