AGC to build glass plant in Rostov region

The Belgian division of Asahi Glass Company (AGC) announced that it has signed a protocol of intent with Rostov region to build a glass plant in the city of Azov“s new industrial zone for about EUR 1…

The Belgian division of Asahi Glass Company (AGC) announced that it has signed a protocol of intent with Rostov region to build a glass plant in the city of Azov“s new industrial zone for about EUR 150 million. It“s not just a glass factory. It is the maiden project, and I am grateful to the investor for kicking off the entire Azov industrial zone project. The main thing is that they are a marquee name: if they come, the rest will follow, Rostov region Governor Vladimir Chub said at the signing ceremony. Project planning and infrastructure connections are currently underway, while construction is scheduled to begin in late 2009, and factory start-up is scheduled to take place in 2011. AGC has invested more than EUR 700 million in Russia since purchasing the Borsk Glass Plant in Nizhny Novgorod in 1997. It has also established a distribution and production centre in Klin, Moscow region. AGC supplies flat glass and glass for the automotive industries, with about a 30% share of the automotive glass market, and supplies Toyota, Mitsubishi, Honda, Nissan, BMW, VW Group and others.