Taiwan Glass Group plans to set up 5th mainland glass plant

Taiwan Glass Group, the parent of Taiwan-listed Taiwan Glass Ind. Co. Ltd., said it plans to spend over US$ 25 million on setting up its fifth mainland-based float glass plant in Chengdu, the capital …

Taiwan Glass Group, the parent of Taiwan-listed Taiwan Glass Ind. Co. Ltd., said it plans to spend over US$ 25 million on setting up its fifth mainland-based float glass plant in Chengdu, the capital of Sichuan province. The group has obtained approval from Taiwan“s government for its investment of US$ 70 million, to establish Taiwan Glass North China Glass Co. in Dongguan, a city in Guangdong province. Each of the two mainland-based glass plants is forecast to have an annual production capacity of 200,000 tons of plate glass. Taiwan Glass Group produced 368,000 tons of glass on the mainland in 2001, accounting for 3.1% of the mainland“s total glass output.