Asahi Glass Co., Ltd.

Company Profile

■URL

http://www.agc.com/english/

■Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, 100-8405, Japan

Business Overview

-The Company is a major manufacture of all types of glass. By products and services, it operates three business divisions, which are the glass, electronics, and chemical units. Automotive glass is manufactured by the glass division.

-The AGC Group that is the core of the Company, is strengthening its expertise in glass and fluorine technology, and operates in five, main business segments, which are automotive glass, sheet glass, displays, chemicals, and electronics/energy. The automotive glass segment operates under the global brand AGC Automotive, and is an automotive door/opener parts supplier manufacturing and selling automotive glass for the new-car and after-service markets.

-According to the Company's own study, the three corporate groups (Asahi Glass, Saint Gobain+Central Glass, and the NSG Group have 65% of the world's automotive glass market, with the Company's share estimated to be around 30%.

Shareholders

-Listed on the First section of the Tokyo Stock Exchange. (As of Dec. 31, 2015)
Name or Company Name Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account) 4.68
Meiji Yasuda Life Insurance Co. 4.05
Japan Trustee Services Bank, Ltd. (Trust Account) 3.95
Barclays Securities Japan Limited 2.53
Tokio Marine & Nichido Fire Insurance Co., Ltd. 2.39
Japan Trustee Services Bank, Ltd. (Trust Account 9) 2.04
Nippon Life Insurance Co. 2.01
The Asahi Glass Foundation 1.96
Mitsubishi Estate Co., Ltd. 1.91
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1.74
Total 27.26

Products

Automotive glass
Basic automotive glass
-Laminated glass
-Tempered glass

Value-add automotive glass
-Thin tempered glass
-Light control glass
-UV cut glass
-IR cut glass
-Privacy glass
-Acoustic glass
-Laminated side glass
-Water-repellent door glass
-Electro-thermal defogging glass
-Heated wire windshields
-Printed glass antennas
-Embedded DTV glass antennas
-Glass for head-up displays
-Module assembly window

Chemicals
-Fuel cell related materials
-Refrigerant for automotive air conditioners

History

1907 Asahi Glass Co., Ltd. is established.
1909 Company started operation of Amagasaki Industries and started manufacturing of window glass.
1914 The Makiyama factory is set up.
1916 Starts manufacturing of fireproof brick.
1916 The Tsurumi factory is set up.
1917 Starts manufacturing soda ash.
1939 The Company acquired Showa Kagaku Kogyo Ltd., and set up the Ibo factory.
1942 The Company acquired Ohsaka Sarasiko Ltd., and set up the Yodogawa factory.
1944 The Company merged with Nihon Kasei Kogyo Ltd., and the Company name was changed to Mitsubishi Kasei Kogyo Ltd.
1950 Mitsubishi Kasei Kogyo Ltd. is divided into three companies due to the Law on Corporate Restructuring. The Company returns to its old name of ASAHI GLASS Co., Ltd. and restarts business.
The Company was listed on the Tokyo, Osaka, and Nagoya stock exchanges.
1954 The Company established Asahi Special Glass Ltd. to make glass valves for televisions.
1956 The Company jointly established the Asahi Fiber Glass Co., Ltd. with Owens Corning Fiber Glass Co. (US).
1956 The Company established Asahi Processing Glass Ltd. to make glass processing into a business.
1995 Agreed to purchase all the shares of Asahi Fiber Glass Co., Ltd. from Owens Fiberglass (US)
1997 Purchased shares of Asahi Ohrin Co., Ltd. from Ohrin (US) and made it into a wholly-owned subsidiary. Next year, the subsidiary's name will be changed to Asahi Urethane Co., Ltd.
1998 Agreed to merge with Iwaki Glass Company, Ltd. and Toshiba Glass Company, Ltd. Next year the name of the Company will be changed to Asahi Techno Glass, Ltd.
1998 Graverbel acquired PPG Co., a European plate glass company.
1999 Acquired South Korea Electric Glass Company, a manufacturer of color-cathode glass valves.
Acquired the fluoroplastics business from IC (UK).
2001 Set up a new research and development building in the Central Research Institute.
2002 The Ceramics business was transferred to Asahi Glass Ceramics Co.
Made Glaverbel S.A. into the Company's fully-owned subsidiary.
2004 Its ceramic-based exterior siding business was spun off to become a new joint-venture company, Asahi Tostem Exterior Wall Co., Ltd.
2005 Made Asahi Techno Glass, Ltd. into a fully owned subsidiary.
2006 Acquired Matsushima Optical Component Co., Ltd., and changed the name of the subsidiary company to AGC Micro Glass Co., Ltd. in 2007.
2007 Set up Osaka Office.
Spun off Asahi Fiber Glass Co., Ltd. and sold off all the shares it held in this subsidiary.
2008 The Company sold off all the shares it held in Optrex Corporation.
2009 The Kitakyushu Plant terminated production of automotive glass.
2011 The Company established AGC Glass Brazil in Brazil.
2012 Closed strategical agreement with Interpane Glas Industrie AG in Germany.
2014 The Company tapped into the Vietnamese market by acquiring shares in Phu My Plastics & Chemicals Co., Ltd., a local company that produces polyvinyl chloride.
2015 Acquired all the stock shares in NordGlass Sp. z o.o., a supplier based in Poland manufacturing automotive replacement glass.

Supplemental Information 1