AGC to Revise Prices of Architectural Glass Products in Japan

AGC (Asahi Glass Co., Ltd.; Head Office: Tokyo; President & CEO: Kazuhiko Ishimura) announces that it will raise the selling prices of its architectural glass products marketed in Japan, starting from delivery on September 1, 2014.

Specifically, the prices will be increased by 15-20% for flat glass products, 10-15% for mirror products, and 10-20% for processed glass products for architectural applications. Manufacturing costs for architectural glass products in Japan have been surging as the market prices of fuels and raw materials keep soaring and the Japanese yen has been rapidly weakened since 2013.In addition, increases in the personnel costs and distribution costs resulted from a lack of manpower are affecting the profitability of the architectural glass business. Under such circumstances, AGC has been taking various cost-cutting measures through productivity improvements and streamlining of its businesses.However, a further rise in crude oil prices caused by political uncertainty in the Middle East has made it difficult for AGC to offset the cost increase simply through corporate efforts, and the Company has decided to revise the product prices of its flat glass and processed glass for architectural applications.

AGC will continue its cost reduction measures to improve the earnings from its architectural glass business in Japan.

Media Contact Junichi Kobayashi, General Manager, Corporate Communications & Investor Relations Asahi Glass Co., Ltd. (Contact: Aoi Takahashi; Tel: +81-3-3218-5603; E-mail:

600450 AGC to Revise Prices of Architectural Glass Products in Japan

See more news about:

Others also read

Asahi India Glass Ltd. (AIS), India’s leading integrated glass company, has come up with an exclusive glass solution called the AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office.
High-security Smartphone Feature Stylish Designs - AGC (Asahi Glass Co., Ltd.; Head Office: Tokyo; President & CEO: Takuya Shimamura) released a new cover glass for an in-glass fingerprint recognition sensor installed on a smartphone to improve security.
Asahi Glass' group operating profit for the nine months through Sept. 30 likely rose 22% on the year to around 52 billion yen ($429 million), marking the company's first profit growth for January-September in five years.
“We’ll continue to produce, with simple honesty, what can meet the needs of the times,” Asahi Glass Co.
In light of recent performance trends, Asahi Glass Co., Ltd. (“the Company”) has revised its consolidated financial forecasts for the first half and full year for fiscal year ending December 31, 2015, which were announced on February 6, 2015.   Read more here.
New infoverre product expands the possibilities of the “glass with display monitor” product line ― Asahi Glass Company (AGC), a world-leading manufacturer of glass, chemicals and high-tech materials has released a new infoverre™ product “infoverre™ MIRROR” as an interior product for residential and commercial facilities.  This new product will bring solutions to unique design needs in the world.The infoverre™ series is a new-generation glass signage that provides clear and vivid images to viewers (see next page for details).

Add new comment