#Japan #Tokyo #Polycarbonate #AGC #Sumitomo Bakelite

Sumitomo Bakelite’s Strategic Acquisition of AGC’s Polycarbonate Business

Sumitomo Bakelite Co., headquartered in Shinagawa, Tokyo, has officially agreed to acquire the polycarbonate business of AGC Inc. This strategic move aims to leverage the skills and know-how that AGC has cultivated over the years. By integrating the strengths of both companies, Sumitomo Bakelite intends to enhance customer service and foster business development along with the creation of new value.

Reasons for the Acquisition

The Sumitomo Bakelite Group aspires to be a company that provides dreams for the future through value creation with customers by the year 2030. To achieve this vision, the company is actively working on its medium-term management plan for the years 2024-2026, which emphasizes a portfolio reform aimed at achieving "Niche & Top Share" in its strategic domains. This acquisition is aligned with Sumitomo Bakelite's strategic endeavor to strengthen the competitiveness of polycarbonate products used in the mobility sector, which encompasses automotive, aerospace, and rail industries.

Particularly in the promising area of driver assistance systems, the distinct optical sheet technologies of both Sumitomo Bakelite and AGC can be combined to generate synergies. Through the transition of AGC’s polycarbonate products, Sumitomo Bakelite plans to enhance its product strength in building materials and industrial and electronic applications, thereby reinforcing its competitive advantage. The well-recognized "Twin Carbon®" brand will focus on boosting sales aimed at data centers, with ambitions to lead the market.

Future Plans for the Acquired Business

The schedule for the transition of product sales will be communicated individually to each customer. The process will be conducted smoothly to minimize the impact on stakeholders involved.

Background of the Acquired Business

The acquisition pertains to the manufacturing and sales of polycarbonate products targeted at building materials, industrial applications, and electronics.

About AGC Inc.

• - Company Name: AGC Inc.
• - Location: 1-5-1 Marunouchi, Chiyoda, Tokyo
• - Capital: 90,873 million yen (as of December 31, 2024)
• - Consolidated Revenue: 2,067,603 million yen (for the fiscal year ending December 2024)
• - Number of Consolidated Employees: 53,687 (as of December 31, 2024)
• - Business Scope: Production and sales of glass, electronics, chemicals, life sciences, ceramics, and more.

For further inquiries regarding this announcement, please contact:
Corporate Communication Department, Sumitomo Bakelite Co., Ltd.
TEL: 03-5462-4818
Email: [email protected]