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AGC Inc. has agreed to transfer all of its 50.72% stake in AGC Polymer Material Co., Ltd. (APK) to Saint-Gobain K.K. The transaction is expected to close in or around December 2026, subject to regulatory approvals.
Saint-Gobain will acquire the Lexington glass fiber plant from Electric Glass Fiber America, a subsidiary of Nippon Electric Glass. The deal is expected to close July 31 and brings approximately 90 employees into Saint-Gobain.