Taiwan Glass Industrial operating revenues for 2001

Local press recently reported that Taiwan-listed Taiwan Glass Industrial Co Ltd, a sheet glass and glass fabric manufacturer, reported operating revenues of TWD 10.56 billion for 2001, down 19.2% year…

Local press recently reported that Taiwan-listed Taiwan Glass Industrial Co Ltd, a sheet glass and glass fabric manufacturer, reported operating revenues of TWD 10.56 billion for 2001, down 19.2% year-on-year. The company recorded pre-tax profits of TWD 1.65 billion for the first half of 2001, due to the high price of its glass fabric products. Pre-tax profits dropped to TWD 400 million in the third quarter of the year, due to a price decline. Taiwan Glass Industrial recorded pre-tax profits of TWD 171 million from subsidiaries on the mainland for the first three quarters of 2001. The company“s plant in Kunshan, a city in Jiangsu province, is expected to be put into operation in 2003.