AGC has suspended all business operations in Ukraine as well as its investments in Russia.
In Ukraine, the AGC group sells architectural glass and automotive replacement glass products, but its business operations have been suspended due to the current circumstances.
AGC has confirmed the safety of its 24 employees in Ukraine.
In Russia, AGC engages mainly in the architectural and automotive glass business. In the light of the current situation, the group has decided to suspend investments in the country including the periodic repair of glass manufacturing furnaces.
Regarding the automotive glass business, AGC has largely scaled down the production and shipments to automobile manufacturers in Russia.
AGC said it would continue to monitor the situation and take appropriate action as needed. The group further expressed its concern for the situation and hopes peace can be restored as quickly as possible.