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Taiwan Glass Industrial: USD 30 million new plant for China

The board of Taiwan Glass Industrial Corp. has passed plans to invest USD 30 million in a new float glass plant in China“s Guangdong province, the firm announced on 24 January 2003.
Construction of…

The board of Taiwan Glass Industrial Corp. has passed plans to invest USD 30 million in a new float glass plant in China“s Guangdong province, the firm announced on 24 January 2003. Construction of the plant is expected to start in the second quarter and be completed in the fourth quarter of 2004, the firm said in a statement. Annual output of float glass from the plant is expected to be 180,000 metric tons, the firm said. The plant“s operations are forecast to increase the company“s annual revenue by USD 39.6 million and its annual profit by USD 2.3 million, it said. Taiwan Glass said the investment will be funded from its own capital.

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