AGC - Asahi Glass Co. Ltd.
AGC - Asahi Glass Co. Ltd.
12/02/2021 | Press release | Distributed by Public on 12/01/2021 20:03
AGC Transfers All of the Shares of Schott Gemtron
Schott Gemtron is a company specialized in the production and sale of glass products mainly for the home appliance industry in North America. The AGC Group had owned 49% of the company's outstanding shares in the Building & Industrial glass business.
Under the AGC plus-2023 medium-term management plan announced in February this year, AGC has strived for improvements of the profitability and asset efficiency of its Building & Industrial glass business, which have been designated as one of the AGC Group's priority issues. This transfer deal is conducted as a part of the improvement measures.
About Schott Gemtron
| Company Name ： | Schott Gemtron Corporation |
| Head Office ： | Tennessee, USA |
| Major Shareholders ： | Schott AG 51%、AGC Group 49% (As of Dec. 2020) |
| Business Description ： | Production and sale of glass products for the home appliance industry |