Asahi Glass Reorganizes Company

November 11th, 2016 by Editor

As of the first day of 2017, AGC Asahi Glass will have a new organizational structure.

According to a memorandum following the company’s October 31 board of directors meeting, AGC will abolish its “Glass Company” and establish a “Building & Industrial Glass Company” and an “Automotive Company.” The change will be effective January 1, 2017.

“Architectural [and] industrial glass business and automotive glass business are two totally different markets with different business models,” the memo reads. “This organizational reform will enable more agile business operations that better cater to the needs of each market.”

With the restructure, the board’s nominating committee also approved a number of position changes. Jean-François Heris was appointed president of the Building & Industrial Glass Company, and Tadayuki Oi vice president. Masahiro Takeda was named regional president for Asia Pacific. All three were current executive officers.

According to the company’s most recent financial release, year-to-date net sales of its glass operations through the first nine months of the year were 506.6 billion yen, down 1.6 percent from the same period last year. Operating profit was up 15.5 billion yen, a 200.6-percent increase which the company says is due to increased selling prices of architectural glass products, declining raw material and fuel prices, and strong shipments of automotive glass.

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