AGC to build new plant in Brazil
AGC, Japan, is set to move into Brazil’s construction and automotive glass markets, investing 40 billion yen (about $470 million) in an industrial state-of-the-art glass complex in São Paulo state, according to an April 25 release. The plant will produce float glass, mirrors, coated glass and automotive laminated and tempered glass, operating under the name of AGC Vidros do Brasil Ltda.
The facility will roll out in phases starting in 2013. By 2016, the company expects to manufacture and market 220,000 tons of construction glass per year as well as automotive glass for 500,000 vehicles per year. It will employ about 500 qualified people.
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