The glass facility is one of 21 projects approved by the authoritys board of directors in June. The projects have combined investments $324 million.
Hebei Jingniu Group, a large-scale transnational company based in China that produces and sells high-tech glass products, sealed the commitment to put up a glass production plant in the Subic Freeport for a minimum investment of $300 million.
The project aims to generate 6,000 new jobs.
The plant needs at least 100 hectares of industrial flat lands to accommodate a facility for products such as rolling crystallite glass and coated on-line float glass, which would be shipped to over 50 countries in Europe, Asia, America and Africa.
The company will produce high-tech crystallite glasses that are seven to eight times more wear-resistant than alloy steel and 10-25 times more corrosion-resistant than stainless steel. That is why they are very suitable to use as industry and building materials, said Hebei president Wang Chang Li.
The companys other products are float sheet glass, solar-control reflective glasses and multicolored high-tech rolling crystallite glass with various specifications.
Hebei will hire more than 3,000 skilled and nonskilled workers during the construction period and 2,000 operation workers and 1,000 administrative employees upon project completion.
$300-m Hebei Glass Plant Gets Nod
The Subic Bay Metropolitan Authority board has given the nod of approval to the opening of a $300-million glass production plant of Hebei Jingniu Group of China.