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Companies listed on the Tokyo Stock ExchangeManufacturing companies based in TokyoJapanese brandsMitsubishi companiesGlassmaking companies of JapanManufacturing companies established in 1907Price fixing convictionsGlass trademarks and brands1907 establishments in JapanMultinational companies headquartered in Japan

Japaneseglass manufacturingMitsubishiTokyo Stock ExchangeTOPIXNikkei 225stock indicesThomson ReuterszaibatsuGlaverbelAFG IndustriesFourcault Process

AGC Inc.

Asahi Glass headquarters building
Type	Public KK
Traded as	TYO: 5201 Nikkei 225 Component
Industry	Glass Ceramics
Founded	Amagasaki, Hyōgo, Japan (September 8, 1907 (1907-09-08))
Headquarters	1-5-1, Marunouchi, Chiyoda-ku, Tokyo 100-8405, Japan
Key people	Takuya Shimamura (CEO and President)
Products	Glass products Ceramic products Chemicals
Revenue	¥1,282.570 billion (2016)[1]
Operating income	¥96.292 billion (2016)[1]
Net income	¥53.362 billion (2016)[1]
Total assets	¥1,981.451 billion (2016)[1]
Total equity	¥1,168.743 billion) (2016)[1]
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 [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]

Contents

• 
  1 Overview
  


• 
  2 Products
  


• 
  3 Subsidiaries and affiliates
  


• 
  4 Price-fixing scandal in Europe
  


• 
  5 Asahi India Glass Ltd (AIS)
  
  
  
  • 
    5.1 SBUs & Products
    
  
  
  
  


• 
  6 PT Asahimas Flat Glass Tbk
  


• 
  7 References
  


• 
  8 External links
  

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.^{[citation needed]} It purchased AFG Industries in 1992.^[7]

Products

Its main areas of production are:

• Automotive glass and industrial material


• Bio-technology and environment


• Commodity and performance chemicals
  
  • Among performance chemicals, Asahi makes fluoropolymer films, including Fluon ETFE laminate, famous for its use as the external surface of the Allianz Arena football stadium, built in 2005 and the world's largest structure made out of ETFE.
  
  


• 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.^[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)

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 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

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

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

1. 
   ^ ^abcde "AGC financial report 2016" (PDF). AGC Co..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
   


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

• 
  Official website (in English)
  


• 
  "Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Asahi Glass Co.