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 headquarters building
|Eijīshī kabushiki gaisha|
|Asahi Glass Company, Ltd.|
|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)|
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 Limited
|Footnotes / references|
Asahi Glass was named one of Thomson Reuters Top 100 Global Innovators in 2013.
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
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.
PT Asahimas Flat Glass Tbk
(IDX: AMFG) 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):
- Asahi Glass Co., Ltd. (43.86%)
- PT Rodamas (40.84%)
- Public (14.96%)
- Employee's Cooperative (0.36%)
- "AGC financial report 2016" (PDF). AGC Co.
- "Corporate Profile". Asahi Glass. Archived from the original on April 7, 2014. Retrieved March 30, 2014.
- "Financial Statements". Bloomberg Businessweek. Archived from the original on March 30, 2014. Retrieved March 30, 2014.
- "TOPIX Core30 Components" (PDF). Tokyo Stock Exchange, Inc. Archived from the original (PDF) on October 13, 2013. Retrieved March 30, 2014.
- "Components:Nikkei Stock Average". Nikkei Inc. Retrieved March 30, 2014.
- "Top 100 Global Innovators 2013". Thomson Reuters. Retrieved April 17, 2014.
- "R.D. Hubbard". NTRA. 2010. Archived from the original on 2015-06-19. Retrieved 2015-06-19.
- Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel
- Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices
- "Pacific Metals Co Ltd (5541.T)". Reuters. Retrieved 15 September 2015.
- "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.