Production costs for architectural glass products in Japan have risen significantly due the rising cost of raw materials, sub-materials, labor, and logistics, which has resulted in a persistent decline in profitability of the architectural glass business.

Amid this environment, AGC Asahi Glass has implemented a number of cost containment measures including improving productivity and streamlining the organization. However, as it is impracticable to absorb all cost increases through corporate efforts alone, the company has resolved to upwardly revise prices for flat glass products, mirror products, and architectural applications.

AGC Asahi Glass will continue implementing ongoing cost reduction measures and aims to improve the profitability of its architectural glass business domestically in Japan.

AGC - Asahi Glass Co. Ltd. published this content on 05 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 February 2018 04:09:05 UTC.

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