AGC Asahi Glass (AGC) will invest €147 million (JPY 18 billion) to build a second float glass production plant in the southeast region of Brazil.

The new plant is scheduled to be completed by the end of 2018, which will increase AGC’s glass production capacity in the country to 2.4 times the current level.

Its AGC Glass Brazil group manufactures and supplies float glass for architectural and automotive uses, mirrors, fabricated glass products for architectural use, and laminated/toughened automotive glass.

Its business is showing steady growth with increased market awareness for the high-quality, wide-ranging products and services.

With a relatively young population of approximately 200 million people and abundant natural resources, Brazil is expected to maintain its economic growth from a medium and long-term perspective.

The demand for architectural glass and automotive glass is also projected to grow. In such a business environment, AGC will enhance its production capacity in Brazil to 530,000 tons per year, up 310,000 tons from the current 220,000 tons a year.