Asahimas Flat Glass Tbk.

Brief of Company Background

Asahimas is a Foreign Investment Company (PMA), which formed in 1971 between Asahi Glass Co. Ltd. of Japan, the world's foremost glass producer, and PT Rodamas Co. Ltd., a leading Indonesian private business group that has interest in industrial and consumer products. The idea to merge Asahi Glass' technical expertise and technology, and Rodamas' strong grasp of the local market is a good strategic of partnership that makes Asahimas the glass pioneer in this country. Asahimas commenced its glass manufacturing in April 1973, from simple clear glass produced using the traditional Foucault Process. Therefore, its product line was quickly diversified to include new, innovative products such as Specialty Glass, Safety Glass, Reflective Glass and Mirror. In 1975 the Company first began construction of its Safety Glass factory and immediately began the commercial production using Tempering Process in 1976. In the same year, Asahimas also built the 2nd Furnace for Flat Glass in Jakarta and start on its commercial production in 1977. In 1981, Asahimas introduced the Float Glass technology in its new, 3rd Furnace in Jakarta, which was the Company's 1st Float Line. In the mean time, Asahimas closed its 2nd Furnace using the Foucault Process in the year 1983. In 1985 Asahimas also began construction of its 4th Furnace (2nd Float Line) in Surabaya factory, which would later begin commercial production in 1987. The Company then built its 5th Furnace (3rd Float Line) and 6th Furnace (4th Float Line) in 1990 and 1996, which started its commercial operation in 1993 and 1997 respectively. The former Furnace is located in Jakarta, while the latter in Surabaya. 1985 was also an essential year for the Safety Glass ensuing the introduction of the new Safety Glass laminating process. As a follow-up action to this new technology, Asahimas then began construction of new Laminated Glass production line in 1994, which is the same year with the closing of the 1st Furnace using the Foucault Process. And during 1997, Asahimas started the first phase in development of its Safety Glass factory in Bukit Indah Industrial Park, Cikampek, West Java, which later commence its commercial production in 1999. These days, Asahimas increases an aggregate installed production capacity of 570,000 tons for Flat Glass, 4,500,000 square meters for Safety Glass and 2,400,000 square meters for mirror. This large number of annual capacity ranks Asahimas not only as the largest glass manufacturer in Indonesia but also in Southeast Asia. The Company booked net profit in 2005 was IDR212.552 billion, rising by approximately 2.78% from IDR206.790 billion. The net profit increase was in line with the operating profit which rose to IDR309.551 billion from IDR301.803 billion.

Shareholder List

Management