Asahi Glass to Start Automotive Glass Price Increase Negotiation Asahi Glass Co., Ltd.

Date: 30 June 2008
Source: Asahi Glass Co., Ltd.
Asahi Glass Co., Ltd. (Head Office: Tokyo; President & COO: Kazuhiko Ishimura) has started negotiation to increase the price of automotive glass.

Due to the sharp price increase of fuel and raw material including heavy oil over a short period of time, costs related to automotive glass manufacturing have rapidly increased. Costs of almost all raw materials including raw glass and interlayer vinyl which are the main raw materials for producing automotive glass are increasing. Energy cost to operate automotive glass production processes and supply chain cost (including logistics) are increasing as well.

The cost increase can no longer be absorbed only by internal efforts, and it is severely impacting automotive business profitability like never before.

Therefore, the Company has decided to increase its price by around 10%. Asahi Glass has started individual negotiations with its customers, and will work to correct the price for automotive glass including aftermarket replacement glass.

For further information regarding these issues, please contact Toshihiro Ueda, General Manager, Corporate Communications and Investor Relations, Asahi Glass Co., Ltd. (Direct inquiries to: Yoshihiko Saito, Telephone: +81-3-3218-5509, Email: info-pr@agc.co.jp).

600450 Asahi Glass to Start Automotive Glass Price Increase Negotiation Asahi Glass Co., Ltd. glassonweb.com

Others also read

Madico®, Inc. Acquires Midwest Marketing’s Distribution Business
Madico, Inc., one of the world’s leading manufacturers of a broad range of materials-based solutions, announced its acquisition of the window film distribution business of Midwest Marketing, Inc.
Eastman Celebrates Partnership with Hendrick Motorsports' No. 88 Race Team with LLumar® Branded Celebration on 8/8
Eastman is launching an annual celebration over the course of its partnership with the No. 88 team on August 8, 2018 (8/8).
Guardian Automotive investing in calibration, customer service, quality and convenience. | Photo Guardian Industries Corp.
Guardian Automotive, a European supplier of automotive replacement glass, will use its presence at Automechanika 2018 to highlight its value proposition.
BASF invests in a state-of-the-art surface treatment site for its Chemetall brand in Pinghu, China
The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, invests in a state-of-the-art surface treatment site in the Dushan Port Economic Development Zone of Pinghu, Zhejiang province, China.
IOCCO at Glasstec 2018
The latest solutions to process float and automotive glass.
Function meets Glass
Hot topic: Production and processing of functional glass and its fields of application.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Portuetxe bidea 18
20018 San Sebastián (Gipuzkoa) Guipúzcoa
Spain

Add new comment