AGC completes transfer of Russian flat glass operations
glassglobal Community
glassglobal
, AGCAGC completes transfer of Russian flat glass operations
The AGC Group has sold its Russian glassworks in Moscow Oblast and Nizhny Novgorod Oblast, to a local company Adamant, citing the Russian firm's CEO Sergei Knyazev. He declined to disclose the size of the deal which included the sale of two glass factories in Moscow and Nizhny Novgorod regions, the newspaper (Kommersant) said.
The glass plants primarily manufactured architectural and automotive glass.
AGC had been considering the sale of its Russian business since February 2023.
With the completion of this transfer, the group has fully withdrawn from the Russian market. The transfer is expected to result in Other Expenses of €220 Million (approximately ¥35 billion) mainly due to the realization of “Exchange differences on translation of foreign operations” in accounting. This loss has been incorporated into the financial forecast for the current fiscal year.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.
Updated worldwide glass market study 2024 available now for flat, container glass and tableware
We have updated our international
studies on flat glass, container glass and tableware for 2024.
This unique software provides a global overview about glass producers and
technical details. Easy to use and clear tables summarize information
and data about glass makers such as:
Glass types: flat glass, container glass, tableware,
production capacities in regions and countries,
number of furnaces, furnace types, year of construction,
glass types and sub-types, products,
project information, special news and downloads.
Further databases supplying demoscopic data and import and export data
complete the market survey. Based on these data, prepare individual
country profiles with information about local production capacities,
local market sizes and expected demand in the future.