AGC Automotive Induver Morocco lays foundation stone for its automotive glass plant in Kenitra (Morocco)

April, 2017

The foundation stone for the new automotive glass production plant being built for AGC Automotive Induver Morocco was laid on Wednesday 15 March in the presence of the Moroccan minister of Industry and Commerce, Mr. Moulay Hafid Elalamy, together with many other personalities from the worlds of politics, industry and the media.

Joint venture between AGC Automotive Europe and Induver

The project for the new plant being built at Kenitra in the northern coastal region of the country is the result of a joint venture between AGC Automotive Europe and the Moroccan glass producer Induver. This initiative marks the AGC Group's first operations in Africa. AGC Automotive Induver Morocco will produce toughened glass for backlites and sidelites together with laminated glass for windscreens. The plant will have sufficient capacity to supply around 1,100,000 carsets per year and should be operational in 2019, employing around 600 people.

Plant promises local development

The new plant is ideally situated to meet the demand for automotive glass in North Africa and the South of Europe. It will also benefit from a free trade zone set up to attract companies operating in the automotive industry and so to develop a major industrial concentration in this sector. "Once the AGC culture of automotive excellence has been properly established here, our ambition is to see this plant managed 100% by a local team, in line with our policy in this area," declared Jean-Marc Meunier, General Manager of AGC Automotive Europe.

Hakim Abdelmoumen, General Manager of Induver, for his part welcomed the prospect of producing the complete carset (windshields, backlites and sidelites) in large series for the first time in Morocco. "This wider offer will further raise the local content of vehicles built in Morocco and boost the added value created locally."

Reference Information

Induver

Founded in 1947, Induver is a family-owned company located in Casablanca, a leader in glass processing in Morocco. Induver is moreover specialized in production of automotive glazing for the aftermarket, of windows for para-automotive markets (cabs for tractors and earth movers, vehicles without licence,…) and window glazing for architectural markets.

For more information go to www.induver.net

AGC Automotive Europe

Based in Louvain-la-Neuve (Belgium), AGC Automotive Europe is a member of AGC Glass Europe, which in turn is the European branch of AGC Group. The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. AGC Automotive Europe specializes in production of windows (OEM and replacement) for vehicle manufacturers. It also provides ready-to-assemble systems (fixation devices), higher value added functional systems (antennas, sensors, heating elements) and enhanced property glazing (improved thermal, sound and vision comfort).

For more information go to: www.agc-automotive.com (automotive glass) or www.agc-glass.eu (corporate site).

This press release is available in English, French, Dutch, Italian, Spanish, Czech, German and Russian at www.agc-glass.eu).

For more info:

AGC Automotive Europe

Vincent Méan,

Special Project Manager,

Mobile: +32 478 20 75 24

vincent.mean@agc.com

Induver

Hakim Abdelmoumen,

General Manager,

Mobile:+ 212 661 21 45 50

hakim.abdelmoumen@induvermaroc.ma