Taiwan Glass invests in energy-saving glass plant

Taiwan Glass Industry Corp. has started construction on its Chinese plant in east China“s Anhui Province. The plant, which covers 57.3 hectares at an industrial park in Fengyang County, will involve …

Taiwan Glass Industry Corp. has started construction on its Chinese plant in east China“s Anhui Province. The plant, which covers 57.3 hectares at an industrial park in Fengyang County, will involve an investment of USD 100 million for two production lines with a combined annual capacity of 738,000 tonnes of energy-saving glass and premium flat glass. When the plant is operational by the end of 2012, annual sales revenue should reach CNY 1.8 billion (USD 273 million), according to company sources. Founded in 1964, Taiwan Glass Industry Corp. is one of the world“s leading float glassmakers. Fengyang County is one of China“s major glass manufacturing bases with 2010 sales revenue of more than CNY 8 billion (USD 1.21 billion).