Taiwan Glass Corp., Taiwan“s largest manufacturer of speciality glass, will gradually see a return from its investments in low-E glass in Changhua Coastal Industrial Park of central Taiwan, and Cheng…
Taiwan Glass Corp., Taiwan“s largest manufacturer of speciality glass, will gradually see a return from its investments in low-E glass in Changhua Coastal Industrial Park of central Taiwan, and Chengdu of Sichuan Province and Tianjin Municipality of China. Taiwan Glass said that the production facility of 4.5 million sq.m. in Changhua Coastal Industrial Park will begin mass production by the end of the second quarter of this year. The plants located in Chengdu and Tianjin will start mass production at the end of April and the end of July this year, respectively, with production of low-E glass to grow quarter by quarter. At present, the company has already set up four production lines for low-E coating glass with combined annual production capacities reaching 7.8 million sq.m., both in Taiwan and China. The company is therefore expected to see annual production capacity increase by over 30 million sq.m. by the end of this year. Taiwan Glass had TWD 39.6 billion in consolidated sales in 2010, up 25% year-on-year from TWD 31.7 billion. The company scored TWD 5.18 billion in after-tax earnings in 2010, marking 292% year-on-year growth.Taiwan Glass is expected to see earnings grow approximately 15% year-on-year this year.