- Accelerating Integration of Operations at 3 automotive glass production bases in China -

Asahi Glass Co. (AGC) will change the name of its production subsidiary in Suzhou, China, early in March, 2016. The subsidiary had previously been producing automotive raw glass and photovoltaic cover glass. In 2014, it newly built automotive glass fabrication facilities while stopping the production of photovoltaic cover glass. Further, AGC established an integrated production system for automotive glass at the subsidiary in 2015.The new company name clearly shows that it is the AGC Group's automotive glass production base, and AGC will aim to accelerate the integration of operations with the other two automotive glass production bases in China: AGC Automotive Foshan Co., Ltd. and the Qinhuangdao Plant of AGC Automotive China Co., Ltd.

Outline of company name change

New name:     AGC Automotive (Suzhou) Co., Ltd.

Former name: AGC Flat Glass (Suzhou) Co., Ltd.

Automobile production in China is expected to reach 26 million units in 2016, and is forecast to continue growing at high rates. Accordingly, demand for automotive glass is expected to increase in the future. AGC has been strengthening and improving the automotive glass business since it gained a stake in an automotive glass company in Qinhuangdao, Hebei Province, in 1995. In 2006, AGC established a new company in Foshan, Guangdong Province. In order to meet a future increase in demand, AGC expanded its production capacity further in 2014 and established an integrated production system in the following year.

The AGC Group will strive to improve asset-use efficiency in the automotive glass business and steadily capture a greater slice of growing demand in China, aiming to achieve an increase in corporate value as set forth in its management policy, AGC plus.