AGC Holds Groundbreaking Ceremony at New Automotive Glass Plant in Mexico

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Jun 09, 2014, 02:20 ET

TOKYO, June 9, 2014 /PRNewswire/ -- On June 6, AGC, a world-leading manufacturer of glass, chemicals and high-tech materials, held a groundbreaking ceremony for a new automotive glass plant of AGC Automotive Mexico S.A. de C.V. located in Villa de Reyes, San Luis Potosi, Mexico. At the ceremony which was participated by approximately 40 guests including Mayor of Villa de Reyes, federal and state government representatives and industrial park authorities, AGC declared that the construction project would go on as planned while ensuring safety, and the new plant would contribute to the growth to the city of Villa de Reyes, as well as the automotive industry in Mexico.

AGC Automotive Mexico S.A. de C.V. (PRNewsFoto/AGC)

This six billion yen investment to build an automotive glass plant in Mexico is one of AGC's ongoing key projects under its "Second Round of Globalization" strategy in the management policy, Grow Beyond. Leveraging its advanced and high-quality technologies, products and services that have earned a good reputation among customers around the world, AGC will expand the automotive glass business in Mexico.

AGC will strive to make a turnaround in its business and build a solid base for further growth by capturing growing demand in fast-growing countries.

Company profile
1.	Company name:	AGC Automotive Mexico S.A. de C.V.
2.	Location:	Villa de Reyes, San Luis Potosi, Mexico
3.	Capital:	AGC Group 100%
4.	Business:	Production and sales of automotive glass
5.	Production capacity:	Laminated glass for approx. 750,000 vehicles/year
		* As of 2016, and will be expanded in the future

About the AGC Group
The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. Drawing on more than a century of technical innovation, the AGC Group has developed world-class expertise in fields including glass, fluorine chemistry and ceramics technologies. The group employs some 50,000 people worldwide and generates annual sales of approximately 13 billion USD through business in about 30 countries. For more information, please visit www.agc-group.com/.

Media Contact
Junichi Kobayashi, General Manager, Corporate Communications & Investor Relations
AGC Asahi Glass Co., Ltd.
(Contact: Tsuyoshi Odahara; Tel: +81-3-3218-5603; E-mail: [email protected])

Photo - http://photos.prnewswire.com/prnh/20140609/116012

SOURCE AGC