Channel: Company news
Kibing Group: Invests In Float Lines In Malaysia

2016-04-21 | Company news

Group acquires land to build two float glass lines with plans to expand in the near future

Cutting the float glass
Kibing Group, one of China’s leading float glass producers, has signed a Memorandum of Understanding with Samsung Corning Precision Materials Group Co. in what could become significant event for the glass industry not only in Malaysia but for the ASEAN market as a whole, under the agreement, Kibing will acquire 128 acres of land that formerly housed Samsung’s plant.
With an investment of 200 million USD, Kibing will build two glass float lines with pyrolithic coating capability using the latest technology from Germany. Kibing is optimistic on the outlook of the glass industry in Malaysia and its surrounding region and has therefore chosen Malaysia to be the first country it is investing in with a physical plant. When production commences in early 2017, the development will bring many new opportunities within Malaysia as well as the surrounding region.
Located within the Tuanku Jaafar Industrial Park of Senawang, Negeri Sembilan, the site is 75 kilometres from the country’s capital, Kuala Lumpur, and 70 kilometres from its main sea port, Port Klang. Employing up to 500 people, the proposed facility will produce 1,200 tonnes of float glass a day. Although this pales in comparison to the 16,000 tonnes produced by Kibing Group’s 23 float lines in China, it will represent a significant contribution to the region’s growing need for glass. Besides clear float glass, Kibing’s new plant will produce low-e glass as well as tinted glass of different colours.

(Raw material bein...



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Article taken from Glass-Technology International bi-monthly magazine (6 issues per year)
Year: 2016 number: 2
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