In 2008, the chairman of Zhejiang Glass Company Limited, Feng Guangcheng forecasts a 10% year-on-year rise in the company“s selling price for glass. Profit from the firm“s soda ash business is also …
In 2008, the chairman of Zhejiang Glass Company Limited, Feng Guangcheng forecasts a 10% year-on-year rise in the company“s selling price for glass. Profit from the firm“s soda ash business is also expected to double from CNY 350 per ton in 2007 to CNY 700 per ton in 2008. Turnover from the glass and soda ash businesses will be on a par in 2008 with a profit share of 20% and 80% respectively. Qinghai Alkali Industry Company Limited, an investment subject of the company, forecasts that its phase one production plant will be able to produce 1.2 million tons of soda ash per year at full capacity. Construction of phase two of the plant will finish at the end of 2008 and annual soda ash production capacity will double to 2.4 million tons. As the company will focus on business consolidation in the next few years, it is not considering acquisitions at this stage.
