In November 1995, the pretax profits of Taiwan Glass Industrial Corp. were up more than 72.7% on the previous year“s NT$ 380 million. During the first 11 months of last year, the company accumulated …
In November 1995, the pretax profits of Taiwan Glass Industrial Corp. were up more than 72.7% on the previous year“s NT$ 380 million. During the first 11 months of last year, the company accumulated more than NT$ 2.903 billion in pretax profits, up 41.8% from the same period in the previous year. Taiwan Glass executives said their company is expected to achieve its 1995 earnings target of NT$ 3.05 billion. Taiwan Glass has also announced that it would invest NT$ 800 million to expand two plants to make glass fibre cloth in the northern county of Taoyuan. Taiwan Glass said in a statement that the plants were scheduled to start production in January 1997. The statement said the expansion would make Taiwan Glass the world“s fourth largest maker of glass fibre cloth.