Asahi Glass to build plant in Brazil

Date: 26 April 2011
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

In 2015, AGC Glass Europe created a new tool for measuring the thickness of installed glazing with a smartphone, using a special App.
AGC Glass Europe is to re-start its furnace for production of float glass at Boussois (Northern France) in April 2017.
Stronger Dragontrail™ Pro glass facilitates evolution of advanced smartphone and tablet designs
200 m2 of glass: AGC Interpane to display many new products at its eye-catching double-decker booth
The revamped AGC range Lacobel and Matelac 2020, now offers 20 on-trend colours in each version.
AGC Automotive Europe has introduced its darkest grey glass to date, intended primarily for car roofs and rear windows.

Add new comment