![]() The two companies, Solvay Soda Ash Joint Venture and Solvay Soda Ash Extension Joint Venture, manufacture and sell soda ash in the United States, and the AGC Group owns 20% of their outstanding shares. ![]() ![]() (1)Overview of the companies and future schedule In order to improve the asset efficiency of the AGC Group, AGC has decided to transfer the shares of Solvay Soda Ash Joint Venture and Solvay Soda Ash Extension Joint Venture to the co-owner company, America Soda LLC., and withdraw from the business. Under the medium-term management plan AGC plus-2023 announced in February 2021, AGC designated the improvement of the profitability and asset efficiency of its architectural glass business as one of the AGC Group’s priority issues, and as part of its efforts, the Company transferred its North American architectural glass business in August last year.įollowing the transfer of the North American architectural glass business, the consumption of soda ash, a raw material for glass production, within the AGC Group is expected to decrease. ![]()
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