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Glaverbel

Glaverbel was the European branch of the Asahi Glass Company Flat Glass. It now operates under the name of AGC Flat Glass Europe. AGC Flat Glass is the world's largest glassmaking group. AGC Flat Glass Europe has about 100 production sites throughout Europe and employs some 10700 people.[1] Glaverbel Czech, formerly known as Sklo Union, is the main sponsor of the Teplice located football club FK Teplice.

Contents

History

Glaverbel is founded in 1961 out of the merger of Glaver and Univerbel. In 1972 the French BSN group (now Danone) gains control over Glaverbel. Glaverbel starts with a restructuring program and diversifies in to glass processing in 1974. In 1981 the Asahi Glass Company of Japan acquired Glaverbel. In 1987 Glaverbel is registered at the brussels stock exchange and in 1990 expands into Central Europe with the acquisition of Glavunion in Czechoslovakia. In 1997 Glaverbel is the first Western glass producer which invests in Russia. In 2002 Glaverbel is integrated into Asahi Glass and is deregistered from the Brussels stock exchange. In 2007 Glaverbel is renamed into AGC Flat Glass Europe.

Price fixing scandal

AGC Flat Glass Europe (Glaverbel) is one of the four glass manufacturers who were fined a total of 486.9 million euros ($717.5m; £348.2m) by the European Commission on 28 Nov 2007 for illegally co-ordinating price rises.[2] The European Commission said the firm had raised or stabilised prices in 2004 and 2005 through illicit contacts with the other principal glass manufacturers : Guardian of the US, Pilkington, which is the UK unit of Nippon Sheet Glass and Saint-Gobain of France; who between them they control 80% of Europe's market for flat glass [3].

Neelie Kroes, the EU's competition commissioner, said that the EU would "not tolerate companies cheating consumers and business customers by fixing prices and depriving them of the benefits of the single market" [4].

See also

References

  1. ^ Agc Flat Glass Europe : Profile
  2. ^ Guardian, Pilkington, Asahi and Saint-Gobain fined for price-fixing
  3. ^ Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel
  4. ^ Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices

External links


v • d • eGlassmakers and brands Contemporary companies Anchor Hocking · Arc International · Asahi · Aurora Glass Foundry · Baccarat · Blenko Glass Company · Bodum · Chance Brothers · Corning · Dartington Crystal · Daum · Edinburgh Crystal · Fanavid · Fenton Art Glass Company · Firozabad glass industry · Franz Mayer · Glaverbel · Holmegaard Glassworks · Hoya · Kingdom of Crystal · Kosta Glasbruk · Libbey Owens Ford · Liuli Gongfang · Iittala · Johns Manville · Moser Glass · Mosser Glass · Nippon Sheet Glass · Orrefors Glasbruk · Osram · Owens Corning · Owens-Illinois · PPG · Pilkington · Quinn Group · Riedel · Royal Leerdam Crystal · Saint-Gobain · Samsung Corning Precision Glass · Schott · Steuben Glass · Sterlite Optical Technologies · Swarovski · Tyrone Crystal · Val Saint Lambert · Verrerie of Brehat · Waterford · World Kitchen · ZwieselHistoric companies Bakewell Glass · Boston and Sandwich Glass Company · Carr Lowrey Glass Company · Cambridge Glass · Clayton and Bell · General Glass Industries · Hazel-Atlas · Heisey · Hemingray Glass Company · Knox Glass Bottle Company · Old Dominion Glass Company · Ravenhead glass · The Root Glass Company · Whitall Tatum Company · White Glass Company · Worshipful CompanyGlassmakers John Adams · Richard M. Atwater · Frederick Carder · Friedrich · A. H. Heisey · Libbey · Antonio Neri · Alastair Pilkington · Salviati · Otto Schott · S. Donald Stookey · John M. WhitallTrademarks and brands Bohemian glass · Bomex · Burmese glass · Chevron bead · Corelle · CorningWare · Cranberry glass · Cristallo · Duran · Endural · Fire King · Gold Ruby · Macor · Murano glass · Pyrex · Ravenhead glass · Tiffany glass · Vitrolite · Vycor · Waterford Crystal · Wood's glass · Zerodur  This corporationor companyarticle is a stub. You can helpWikipedia by expanding it.
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