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Taiwan Glass obtains investment plans approval

Taiwan-listed Taiwan Glass Ind. Co. Ltd., a sheet glass and glass fabric manufacturer, has obtained approval from Taiwan“s Investment Commission for its four investment plans in mainland China. The c…

Taiwan-listed Taiwan Glass Ind. Co. Ltd., a sheet glass and glass fabric manufacturer, has obtained approval from Taiwan“s Investment Commission for its four investment plans in mainland China. The company intends to invest over US$ 10 million in China including US$ 8.95 million for a 89.5% stake in Taiwan Glass Chengdu Glass Co., which is forecast to start mass production in 2004 with an annual float glass production of 180,000 tonnes. Taiwan Glass is also to acquire controlling stakes in another three China-based enterprises, Anhui Taiwan Glass Mining, Qingdao Figured Glass Co. and Yinan Silica Sand.

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