There has been a large increase in production of TFT-LCD panels in China in recent years which has resulted in an abrupt increase in demand for glass substrates. To accommodate demand growth, the AGC Group has established a supply system by setting up a processing facility in Kunshan, Jiangsu Province, and Shenzhen, Guangdong Province, and a furnace in Huizhou,Guangdong Province.
AGC has also decided to build an 11th generation dedicated glass substrate* furnace in order to address the anticipated growth in demand of TFT-LCD panels that will use similar-sized TFT-LCD glass substrates.

Under its AGC plusmanagement policy, the AGC Group is committed to boosting corporate value by establishing supply systems capable of maximizing cash generation and ensuring that products provide the pluses of 'new value', 'functionality', and 'reliability' to stakeholders.

* 11th generation TFT-LCD glass substrates dimension: 3370 mm×2940 mm

■ Outline of AGC Display Glass (Huizhou) Co., Ltd.

Location

Huizhou Zhongkai High-tech Industrial Development Zone, Guangdong Province, People's Republic of China

Established

May 2015

Shareholder

AGC 100%

Main Line of Business

Manufacture and sale of TFT-LCD glass substrates

■ Production Bases for TFT-LCD Glass Substrates

■About the AGC Group
AGC Asahi Glass (or also called AGC, Registered Company name: Asahi Glass Co., Ltd., Headquarters: Tokyo, President & CEO: Takuya Shimamura) is the parent company of the AGC Group, a world-leading glass solution provider and supplier of flat, automotive and display glass, chemicals, ceramics and other high-tech materials and components. Based on more than a century of technical innovation, the AGC Group has developed a wide range of cutting-edge products. The AGC Group employs some 50,000 people worldwide and generates annual sales of approximately 1.3 trillion Japanese yen through business in about 30 countries.

AGC - Asahi Glass Co. Ltd. published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 06:37:02 UTC.

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