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