Japanese company AGC, the world’s largest glass producer, sold two of its factories in Russia – Bor Glass Factory (BSZ) and Klin Glass Factory (KSZ) – to diversified holding company Adamant. The director of the enterprises, Sergei Knyazev, talked about this in an interview with the newspaper. “Kommersant”.
According to the information obtained, the deal was completed on February 19, and it was decided not to disclose its value.
Knyazev explained that both factories were static for two years because the imposed sanctions did not allow the Japanese company to develop production. The new investor submitted a multi-year facility development plan, which earned him a positive evaluation from the company.
According to the publication, BSZ is located in the city of Bor in the Nizhny Novgorod region and has been operating for about 90 years. KZZ was built from scratch by Japan’s AGC in 2004 and specializes in the production of thermo-polished glass.
Bridgestone, Japan’s largest car tire manufacturer and one of the most well-known and respected tire brands in the world, in December announced Regarding the sale of Russian assets to the S8 Capital holding.
Previously Manturov saidSt. When the Hyundai plant in St. Petersburg was sold.