Asahi Glass headquarters building
|Traded as||TYO: 5201|
Nikkei 225 Component
|Founded||Amagasaki, Hyōgo, Japan (September 8, 1907 )|
|Headquarters||1-5-1, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan|
|Takuya Shimamura (CEO and President)|
|Revenue||¥1,282.570 billion (2016)|
|¥96.292 billion (2016)|
|¥53.362 billion (2016)|
|Total assets||¥1,981.451 billion (2016)|
|Total equity||¥1,168.743 billion) (2016)|
Number of employees
51,500 (consolidated) (as of December 31, 2013)
|Subsidiaries||AGC Glass Europe|
AGC Automotive Glass Mexico
AGC Micro Glass
Asahi India Glass
|Footnotes / references|
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.
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.
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. 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".
Asahi India Glass Ltd (AIS)
Asahi India Glass Ltd. (AIS) was incorporated in the year 1984. 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. As of 2017, Asahi India Glass Ltd. has 77.1% market share in the passenger car glass segment in India.
SBUs & Products
Asahi India Glass Ltd has 3 Strategic Business Units (SBUs) – Automotive Glass, Architectural Glass, and Consumer Glass. Asahi India Glass Ltd also manufactures uPVC, aluminium and wooden profile windows.
PT Asahimas Flat Glass Tbk
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):
- Asahi Glass Co., Ltd. (43.86%)
- PT Rodamas (40.84%)
- Public (14.96%)
- Employee's Cooperative (0.36%)
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