Ceramic Industry

AGC Converts Hokkaido Soda into Subsidiary

March 12, 2012

Asahi Glass Co. Ltd. (AGC) recently announced that it has converted Hokkaido Soda Co. Ltd. into a subsidiary with an investment stake of 51%. This decision is reportedly part of the company’s efforts toward reorganizing its domestic Chlor-Alkali business following the signing of a basic agreement with other stakeholders to withdraw its capital investment from Kashima Chlorine & Alkali Co. Ltd.

The AGC Group reports it will strive to strengthen its competitiveness by running the domestic Chlor-Alkali business with the existing Chiba plant and Kashima plant operating in an integrated manner with Hokkaido Soda.

For more information, visit www.agc-group.com/en