Asahi Glass to build plant in Brazil

Asahi Glass (AGC) has said it is eyeing Brazil's construction and automotive glass markets. The Japan-based glass substrate supplier announced plans to invest JPY40 billion (US$470 million) to build an industrial glass complex in Sao Paulo, Brazil.

AGC noted that the company is forecasting robust demand in the Brazilian economy. Glass demand will be fueled by the local construction markets thanks to government incentives, the company indicated. In addition, acknowledging that numerous car makers have unveiled plans to expand their capacities in Brazil, AGC holds an optimistic outlook on the potential in the local automotive sector.

The factory site in Brazil will produce float glass, mirrors, coated glass and automotive laminated and tempered glass, AGC said. It will employ about 500.

The facility will roll out in phases starting in 2013. By 2016, the company expects to manufacture and market 220,000 tons of construction glass annually as well as automotive glass for 500,000 vehicles per year.

AGC said it is rapidly expanding activities in China, India, Russia and other fast-growing markets. The company aims to achieve sales of more than JPY2 trillion by 2020, of which 30% is expected to be generated in these fast-growing markets.

600450 Asahi Glass to build plant in Brazil
Date: 26 April 2011

See more news about:

See more from these topics:

Others also read

AGC Asahi Glass announces that it has started the construction of a net zero-energy building (ZEB*1) at its Kashima Plant.
Hydro Extruded Solutions AS has agreed with Arconic to acquire its two extrusion plants in Brazil. The agreement will strengthen Hydro’s downstream position in Brazil and create a solid platform for further growth.
AGC and Kinestral Technologies announced the creation of three joint venture companies that will sell, distribute, and service Halio to the global market.
New Low-Iron Glass Offers Unparalleled Light Transmission and Color Optimization.
GGI, a premier glass fabricator and distributor, successfully tests for ASTM C1629 Hard-Body Impact Resistance.
Developed exclusively by AGC, Thermobel Scena is a unique window glazing featuring transparent spacers.

Add new comment