AGC Inc.

From Wikipedia, the free encyclopedia
  (Redirected from Asahi Glass Company)
Jump to navigation Jump to search
AGC Inc.
Public KK
Traded asTYO: 5201
Nikkei 225 Component
Industry
FoundedAmagasaki, 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
RevenueDecrease ¥1,282.570 billion (2016)[1]
Increase ¥96.292 billion (2016)[1]
Increase ¥53.362 billion (2016)[1]
Total assetsDecrease ¥1,981.451 billion (2016)[1]
Total equityIncrease ¥1,168.743 billion) (2016)[1]
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
WebsiteOfficial 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[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.[7]

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
  • 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[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.[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)[edit]

Asahi India Glass Ltd. (AIS) was incorporated in the year 1984.[10] 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.[11][12][13] As of 2017, Asahi India Glass Ltd. has 77.1% market share in the passenger car glass segment in India.[14][15]

SBUs & Products[edit]

Asahi India Glass Ltd has 3 Strategic Business Units (SBUs) – Automotive Glass, Architectural Glass, and Consumer Glass.[16] Asahi India Glass Ltd also manufactures uPVC, aluminium and wooden profile windows.[17][18]

PT Asahimas Flat Glass Tbk[edit]

In 1970s, Asahi Glass Co. Ltd. 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. Ownership (2014):[19]

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

References[edit]

  1. ^ a b c d e "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. ^ https://economictimes.indiatimes.com/asahi-india-glass-ltd/stocks/companyid-14039.cms
  11. ^ https://www.ndtv.com/business/stock/asahi-india-glass-ltd_asahiindia/reports
  12. ^ http://realtyplusmag.com/leading-the-way-with-green-sustainable-products-ais-2/
  13. ^ https://www.business-standard.com/company/asahi-india-glas-1024/information/company-history
  14. ^ http://www.motorindiaonline.in/component/asahi-india-glass-banks-on-positive-auto-market-trend/
  15. ^ https://www.fundsindia.com/blog/wp-content/uploads/2015/05/Research-Report-Asahi-India-Glass-Ltd.pdf?x96223
  16. ^ http://realtyplusmag.com/leading-the-way-with-green-sustainable-products-ais-2/
  17. ^ "Pacific Metals Co Ltd (5541.T)". Reuters. Retrieved 15 September 2015.
  18. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9898881
  19. ^ "PT Asahimas Flat Glass Tbk Company History". PT Asahimas Flat Glass Tbk. Archived from the original on July 2, 2012. Retrieved July 9, 2014.

External links[edit]