China Glass Holdings: profit on solar energy glass may hit 50%

China Glass Holdings Limited said the gross profit margin of its first solar energy glass plant in Taicang Municipality, Jiangsu Province, is expected to reach 50%. Company chairman Zhou Cheng said th…

China Glass Holdings Limited said the gross profit margin of its first solar energy glass plant in Taicang Municipality, Jiangsu Province, is expected to reach 50%. Company chairman Zhou Cheng said the selling price of solar energy glass may reach CNY 10,000 (USD 1,450/EUR 927) per tonne as a result of strong demand. The company is considering building more production lines if the workload increases.