Glaverbel

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. [ [http://www.agc-flatglass.eu/AGC+Flat+Glass+Europe/English/Homepage/About+us/page.aspx/880 Agc Flat Glass Europe : Profile ] ] Glaverbel Czech, formerly known as Sklo Union, is the main sponsor of the Teplice located football club FK Teplice.

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. [ [http://news.glassmagazine.net/nga/issues/2007-12-04/5.html Guardian, Pilkington, Asahi and Saint-Gobain fined for price-fixing] ] 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 [ [http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1781 Antitrust: Commission fines flat glass producers € 486.9 million for price fixing cartel] ] .

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" [ [http://news.bbc.co.uk/1/hi/business/7116770.stm Neelie Kroes says that EU will not tolerate companies cheating consumers and business customers by fixing prices] ] .

ee also

* Luc Willame
* Arthur Ulens

References

External links

* [http://www.agc-flatglass.eu/ AGC Flat Glass Europe]
* [http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1781 EU Press Office 28 Nov 2007 : European Commission fines flat glass producers € 486.9 million for price fixing cartel]
* [http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1781&format=HTML&aged=0&language=FR&guiLanguage=en La Commission Européenne inflige des amendes d'un montant de 486,9 millions d'euros aux producteurs de verre plat pour avoir participé à une entente portant sur la fixation des prix]
* [http://www.neurope.eu/articles/80390.php European Competition Commissioner Neelie Kroes shatters glass cartel]
* [http://news.bbc.co.uk/2/hi/business/7116770.stm BBC World News (28 November 2007) : Price-fixing glass makers fined for illegally co-ordinating price rises]


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