Taiwan-based Taiwan Glass Group is set to produce glass for touch panels due to the increasing demand for smartphones and tablet PCs. According to Taiwan Glass, fiberglass accounts for 42% of sales, w…
Taiwan-based Taiwan Glass Group is set to produce glass for touch panels due to the increasing demand for smartphones and tablet PCs. According to Taiwan Glass, fiberglass accounts for 42% of sales, while flat glass and kitchenware related products account for 37.8% and 19.7% respectively. Taiwan Glass“ market share for panel glass is 83% currently. However, spokespeople from Taiwan Glass have stated that the future direction of the company should be research and development of glass for high-tech products. Taiwan Glass indicated it plans to set up production facilities in Taiwan and China, aiming at the potential of the touch panel market in China. The company also plans to adjust a section of furnaces to produce fiberglass yarn used in panels for smartphones and tablet PCs during 2011. As the market for smartphones and tablet PCs have been expanding rapidly, Taiwan Glass has been planning to expand capacity for ultra-thin glass used in touch panels in 2011. Production will begin at the end of 2012. Taiwan Glass also stated that it plans to invest USD 100 million in the next three years to set up two production lines for ultra-thin glass.