AGC to Open Offices in India and Dubai
AGC Asahi Glass (AGC) recently announced that it opened an office in Haryana, India, in October.
AGC Asahi Glass (AGC) recently announced that it opened an office in Haryana, India, in October and will open a Middle East and Africa office in Dubai later in the month. With these offices acting as bases for information gathering and marketing activities in South Asia, the Middle East, and Africa, AGC will expand its business in these regions.
AGC’s goal is to take advantage of high economic growth in the Asia-Pacific region. AGC reportedly has already established a strong business footprint in Southeast Asian countries. In countries such as Thailand and Indonesia, it operates businesses ranging from architectural and automotive glass to chemicals such as caustic soda and vinyl chloride. The group has also been engaged in architectural and automotive glass businesses in India through a joint venture, Asahi India Glass Ltdc, and it has decided to launch a high-performance architectural glass business in Saudi Arabia and an automotive glass business in Morocco.
The establishment of these two offices reportedly will connect Southeast Asia, South Asia, and the Middle East. AGC aims to create new opportunities in these regions for the group’s chemicals, electronics, and ceramics businesses, in addition to the glass businesses that are operated in cooperation with the local companies. Through full-fledged information gathering and marketing activities, the company will expand the group’s business foundation. AGC will also explore possibilities for business expansion in the African region.
Under its management policy, the AGC Group has set a strategic investment framework of ¥300 billion (approximately $3 billion), in addition to a total budget of ¥1 trillion (~ $9.9 billion) allocated for investment and R&D activities for 2016-2020.
For more information, visit www.agc-group.com.