Two leading Chinese companies, China Luoyang Float Glass Group Company (CLFG) and Dongfeng Automobile Company, are working together on a joint venture named Xiangfan Luoshen Auto-Glass Co. Ltd..
Dong…
Two leading Chinese companies, China Luoyang Float Glass Group Company (CLFG) and Dongfeng Automobile Company, are working together on a joint venture named Xiangfan Luoshen Auto-Glass Co. Ltd.. Dongfeng Automobile Company is one of the largest automobile manufacturers in China. During the Ninth Five-Year Plan (1996-2000), the company plans to invest in setting up annual production capacity of 400,000 engines and 150,000 light automobiles at its Xiangfan production facility. The new safety glass line in the joint venture is designed to supply safety glass for the vehicles built at Xiangfan. The Xiangfan Luoshen Auto-Glass Co. Ltd. is located in the northern outskirts of the city of Xiangfan. The RMB 43.62 million project was approved by the Hubei Province Economy Committee in January 1996 and the production line should begin operating in the first half of 1997 with an annual output of 240,000 sq. m. of tempered glass and 210,000 sq. m. of bent laminated glass.